The market has got itself into a far-too-dovish spot given the tone of the Fed-speak. There is potential for rate expectations to rebuild and that should support the dollar.

(The market) is telling you that at these levels, given all the warnings we've had from every Fed governor on the planet about the risk of higher interest rates, that people are nervous in front of tomorrow,

Fed speak is very important.

The market is getting toward the October lows, ... but there's still a sense of complacency. As far as sentiment is concerned, we're in a lukewarm area, not red hot.

The tone (of the market) is definitely better than it's been in a while, and it feels like we could go a bit higher.

We have seen a softer tone in their write-ups. I think there is a real sense that the Fed is going to stay on the sidelines.