Not helping the greenback this Friday’s were the comments from St. Louis Fed Bullard and this weekend’s G20 meet. Bullard is worried about the impact of a gradual U.S rate hike. With wages a lagging indicator for inflation, he does not expect to see a surge in wage gains, which creates little inflation pressures or the need for aggressive rate rise. With the “long” dollar positions wishing to unwind some of their positions into the G20 this weekend, again has technically spooked and aggressively unwound all the good that U.S sales was able to do for the dollar. This market continues this week’s trend of being happy ... (full story)