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.
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
If the data starts to taper off, the market will begin to handicap a 5 percent top in interest rates. That would weigh heavily on the dollar.
Boris Schlossberg
With little help from monetary officials, yen bulls will now have to look to the rise in the yield of 10-year Japanese government bonds above the psychologically important 2 level as a possible trigger for yen strength.
Boris Schlossberg
This 'man in the street' poll of barbers, taxi drivers and waiters offers some of the best clues to future Japanese consumer spending.
Boris Schlossberg
Focus will soon turn to Monday's TICs report on foreign capital flows which could show the third consecutive month of foreign capital flows failing to offset the trade deficit gap.
Boris Schlossberg
If you have a continuation of gains in commodities prices, the Canadian dollar will rise. There is some positive momentum going on for the Canadian dollar.
Boris Schlossberg
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