The Canadian dollar is relentless moving forward. You also have very steady economic growth and a strong commodities cycle.
More Quotes from Boris Schlossberg:
The market is likely to go into a pre-jobs stall, from here on. If payrolls don't perform as the market expects, the euro could gain even further as that would put enormous pressure on the Federal Reserve to stop raising interest rates sooner than expected.Boris Schlossberg
Katrina's effect was far less destructive than initially feared. The true extent of the damage, however, may not be known until next month when the Labor Department will make adjustments to this preliminary reading,
Boris Schlossberg
Speculators took the words as a signal that China with its massive 760 billion of U.S. dollar reserves may move to diversify some of its assets into euros.
Boris Schlossberg
The IFO survey hit a 14-year high... receding oil prices and an exchange rate that has stayed below the 1.20 figure for most of the month has buoyed business confidence in the region and bodes well for future prospects of growth in Q1. The news also helps to buttress the expected European Central Bank decision to raise rates to 2.5 at the upcoming March 8 meeting.
Boris Schlossberg
All these structural issues that dogged the dollar in 2004 could very well be reawakened by this news. The tone will be clearly dollar negative.
Boris Schlossberg
The residual impact from the Fed is definitely positive for the dollar. The Fed message is clearly all systems go for 4.25 percent and maybe even 4.5 percent, which will increase the dollar's interest rate differential with other currencies.
Boris Schlossberg
Readers Who Like This Quotation Also Like:
I think any girl who comes to Hollywood with sex symbol or bombshell hanging over her has a rough road.Kim Basinger
Just as the individual is not alone in the group, nor any one in society alone among the others, so man is not alone in the universe.
Claude Levi-Strauss
I go a lot to see young people downtown in little theaters. It's great. If you start somebody's career, it's so exciting.
Mikhail Baryshnikov