10:06 US Rate futures increase chance of Q1 Fed rate cut after ISM data hint manufacturing contraction - Reuters 10:05 DOLLAR EXTENDS LOSSES AFTER WEAKER-THAN-EXPECTED ISM MANUFACTURING SURVEY - Reuters EURO HITS SESSION HIGHS VS DOLLAR ABOVE $1.33 AFTER ISM REPORT. -------------- There is no chance in h#ll that the Fed will raise rates to defend the dollar, NO CHANCE. Econ numbers are getting worse by the day. Ben can jawbone all he wants, and in the end, he has absolutely no credibility. Currency traders know this. Foreigners are now taking notice that their US dollars are gettng worthless by the day. If the Foreigners have any brains, they should be DUMPING US DOLLARS by the boatload. If the dollar is defended by rate hikes, the US econ will go down the tubes and the stock market will probably crash, really (since no one is expecting a hike). The time of reckoning appears to be near. Foreigners are finally waking up to the fact that all the US can do is print money and hope sucker nations will keep buying so that your neighbor can sustain his McMansion lifestyle with 3 cars and a ton of debt.