Carol Costello: Kalanovich is now saying there's a better chance of a soft landing. She says it looks like we could see the Bloomberg Dollar Index strengthened by, let's call it two or three percent. The Euro and the Yen are still 42 percent undervalued in those terms, she says.Costello: It was the worst stretch of the year on the idea that the Fed's not going to have to hike quite so much.

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