It's hard to say whether Wall Street's fear of itself or rising oil prices will be more of an impediment for stocks this week. Both of those trends were apparent Tuesday and could continue to hang over the market Wednesday.
U.S. wholesale prices took another unexpectedly steep jump in July and shot up at the fastest year-on-year rate in 27 years, fanning fears about a potential surge in inflation.
The Bank of Japan cut its assessment of the economy for a second month in a row in a sign that a global slump sparked by the U.S. credit crisis may be spreading too quickly for Japan to avert recession.
The euro-dollar cross could hit $1.45 by year-end, predicts Jan Lambregts, head of research at Rabobank International. He tells CNBC's Arnold Gay the euro could continue to weaken against the dollar in the next 12 months.
Expect more volatility in the greenback, says Euan McCreadie, senior corporate dealer at OzForex. He talks currencies, with guest host, Lim Say Boon from Standard Chartered, CNBC's Martin Soong, Sri Jegarajah & Amanda Drury.