EPS - Dollar Buying Pressure Subsides
Overview: The Dollar Index's eight-day advance is in jeopardy. Although the greenback recorded new highs against some major currencies, the momentum appears to be stalling. The news stream is constructive as a compromise seems to have been reached to avoid another US government shutdown, and there is some optimism that the US and China will strike a deal even if not by March 1. Equities are moving higher. The MSCI Asia Pacific Index ended a four-day downdraft as the region's largest markets rose. The Dow Jones Stoxx 600 gapped slightly higher to extend yesterday's gains.