(The survey) was a big surprise this morning, but some of the market is saying that Detroit, because of loss of auto jobs, does not reflect the rest of the nation. |
Anecdotal evidence on the trading floor indicates things have been lighter than at any other point in the week. You are seeing some one-off flows that are making a greater impact in the market due to this lower level of liquidity and volume. |
Any time you have credible evidence of terrorism in the U.S. or abroad, it works against the dollar. |
Benign inflation has weakened the Canadian dollar a little bit. |
But the tape will not be as important to the market as new data. |
Consumers are out there spending and keeping the economy alive. We see dollar strength heading into next year. |
Despite some base-effect distortions caused by surges in building supplies and clothing sales in the previous month, December retail sales reflected broad-based domestic demand that should support a strong GDP figure for the fourth quarter. |
February's data support the view that the U.S. labor market remains strong, particularly on the services side, with unemployment solidly below the 5% level. The Fed is likely to continue raising rates for the foreseeable future. |
Given recent Fed warnings over high levels of capacity utilization and low levels of unemployment, today's report increases the probability that the Fed will raise rates above 5.0% later this year. Last Friday's release of March unemployment further buttresses this view. |
Given the recent spate of positive January data, CPI and durable goods are unlikely to disappoint. Consequently, the USD is positioned to make new gains...as favorable U.S. growth and interest rate differentials weigh on market sentiment. |
Given the recent spate of positive January data, CPI and durable goods are unlikely to disappoint. The USD is positioned to make new gains ... as favorable U.S. growth and interest rate differentials weigh on market sentiment. |
I don't think it is possible for Iran to take money out of both the United States and Europe. There are just not sufficiently deep or liquid markets to place these sums of money. |
If the Bank of Canadian continues to hike rates after the Federal Reserve pauses, it will narrow the rate differential between the two. This will make the Canadian dollar more favorable. |
If unemployment dips any lower, that may indicate some wage inflation and the Fed will likely continue to raise rates. |
Interest rate differentials are supporting the U.S. dollar for the time being. Until the Fed pauses, it looks that's going to provide a support for dollar bulls. |