China & The U.S. Dollar

Good morning. Amid gains in overseas markets, a new low in the U.S. dollar, and strength in China's exports, premarket futures are positive.

Top headlines include news that Geithner affirms a strong dollar policy, Fed officials are more worried about recovery prospects than inflation risks, Goldman Sachs is forecasting that gold prices could reach $1200 by year end, UPS sees growth and higher rates, 45% of Americans now rate their personal finances positively, credit card issuer Advanta files for bankruptcy, U.S. mortgage modification plan picks up speed, banks hasten to adopt new loan rules, hedge fund managers at Bear Stearns were found not guilty of fraud and AIG's CEO has threatened to leave after three months on the job.

Read more of my premarket report.