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Dallas Fed President Robert Kaplan recently crossed the wires arguing that the rising level of corporate debt in the U.S. was one of the primary reasons for the Fed to stay patient with regards to further rate hikes. “High levels of corporate borrowing could make an economic slowdown worse,” Kaplan added.

There was no market reaction to these remarks as investors are waiting for the ISM’s and the IHS Markit’s non-manufacturing PMI reports. At the moment, the US Dollar Index is up 0.13% on the day at 96.76.