Dislikeda good number will be USD bullish regardless as it reduces the chances of further Fed asset purchases.Ignored
I mean, i understand your logic but as of now the FED will be doing QE ANYWAY for the next three months so you can't be betting against that TODAY. That logic would be eligible close to december, january when the picture is more clear and thus the needed conviction is there.
If the positive news lifts the stocks then it would still be negative for the dollar especially when the growth is coming out of the QE. I am still on the side of good data being mixed to bad to dollar (especially when the U.S. data lifts the global data).
Good data is getting risk excited and when it is excited, it is so on the back of the dollar.
Sure, that doesn't mean that euro will rise, more like aud and cad because the returns are in those markets.
I just doubt that on risk-on's, dollar will benefit...it won't...not until the growth figures come WITHOUT the QE's.
PS. just when writing it, stocks reversed course (for now) and so did the dollar. we'll see...