Dustin Reid, currency strategist at UBS Warburg, said that a 25 basis point rate cut has been priced into the market, and agreed that traders would now look to the Fed's accompanying statement Tuesday afternoon for guidance. "If Greenspan paints a rosy picture, the dollar may benefit," said Reid, "conversely if he is pessimistic, the dollar will keep falling." When asked what might help to reverse present negative dollar sentiment, Reid said, "Greenspan needs to be quite optimistic, then we might be able to get the dollar turned around in the short term."