The Medley report and ordspråk
The Medley report and generally just weak U.S. data have put the dollar on the defensive.
Grant Wilson
The Medley report was instrumental in pushing up the dollar against the yen.
David Gilmore
The Canadian dollar is doing fairly well this morning, in part because of a generally weak U.S. dollar. Canada is also being helped by oil prices remaining high, as a result of political instability in a number of the producing areas.
Paul Ferley
The dollar will get support from strong economic data, such as the jobs report. The trend of dollar buying will continue for another week.
Tohru Sasaki
Weak economic figures give cause for concern over the Fed's rate increases. I had thought the data on foreign investment was not so important up to now, but amid the dollar-bearish sentiment, this could be yet another dollar-selling catalyst.
Tadahiko Nashimoto
Re-widening of the interest rate differential will see the Australian dollar higher. Rumors of the Medley report that the Fed will stop tightening at 4.75 percent or 5 percent is below market expectations.
John Rothfield
The report was dollar positive. With the combination of solid data for the headline and what looks like increasing price pressure, that means you are going to see U.S. yields continue to rise and the Fed continuing to raise rates, both supporting the dollar.
Lara Rhame
Obviously the data today was very supportive of bonds. The unemployment report caught everyone by surprise. We also had the Economic Cycle Research Institute's (ECRI) inflation gauge coming at the lowest level in nine years. So weak economic data, low inflation, a weak stock market, everything that you want to hear about bonds, has caused the rally in the bonds market today,
Bill Hornbarger
Obviously the data today was very supportive of bonds. The unemployment report caught everyone by surprise. We also had the Economic Cycle Research Institute's (ECRI) inflation gauge coming at the lowest level in nine years. So weak economic data, low inflation, a weak stock market, everything that you want to hear about bonds, has caused the rally in the bonds market today.
Bill Hornbarger
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Chad Cordero
Celebritet
So at the moment, markets generally assume the Fed will continue to tighten. That expectation is generally resulting in the U.S. dollar strengthening, though the Canadian dollar seems to be holding its own.
Paul Ferley
There's been some weak data recently and the reports over the next few days probably won't look positive. They could have an impact on the dollar.
Tim Fox
We're going to get some weak numbers. The ISM report is going to be weak and that we're in store for a labor report that's weaker than what we've seen over the past four or five months.
Chris Wiegand
Even allowing for the GDP upward revision, the data today has generally been regarded as disappointing and take the steam out of the dollar.
Neil MacKinnon
Even allowing for the GDP upward revision, the data today has generally been regarded as disappointing and has taken the steam out of the dollar.
Neil MacKinnon
Given the big focus of the Fed on data and their impact, this report is relevant. It will not be in favor of the dollar.
Sean Callow
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