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Dollar fever could continue to dominate trading

More economic data ahead of Fed meeting

Dollar fever could dominate markets Thursday, as traders watch February's retail sales and weekly jobless claims.

Stocks traded relatively quietly Wednesday after swinging wildly higher Monday—and then sharply lower Tuesday. The S&P was off nearly 4 points at 2,040, and lost 27 to 17,635.

The dollar, however, was the standout Wednesday, and traders across financial markets were obsessed with it. The dollar index hit a fresh 12-year high, and the euro continued to melt down, trading at $1.05 to the dollar. Gold prices also fell, held back by the U.S. currency's gains.