There has been some unwinding of the premium attached to the dollar. There are limits to how far the euro will rally, but the United States has more room to slow than Europe, which could take more wind out of the dollar's sails.
More Quotes from Bob Lynch:
The jobs number doesn't change the perception that the U.S. economy is working through the slowdown and that it will continue working it out for the rest of the year,Bob Lynch
Obviously, the very nature of the allegation is devastating. His position is that he hasn't done anything wrong. He hasn't done anything inappropriate. It's a very difficult situation. A man that's had this history without any black mark on his record is entitled to some benefit of the doubt here.
Bob Lynch
We made them play half-court basketball, something nobody has been able to do to. Once we did that, we knew we were in good shape.
Bob Lynch
It's obvious the market isn't buying into a weak U.S. economy story despite the unexpected softness in Friday's data.
Bob Lynch
A soft landing implies that the dollar is a more attractive investment alternative for global investors going forward than implied by the hard landing scenario.
Bob Lynch
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