The dollar traded to session lows, moving up over 1.0700 against the euro, and under 119.00 versus the yen. Weak Empire State index and industrial production data got the dollar selling ball rolling early, as it appears a Fed rate hike is being pushed further back by the FX market, as recent incoming U.S. data continues to disappoint. As a result, we may have seen the greenback’s best levels of the year, only in the rearview mirror. Yields are down, Wall Street is up, leaving the impression that bad new on the economic front, is again good news for equities.