Obviously the report was better than expected but the market is still forward looking. All in all, it has little impact and I think the euro will sell off because people think tomorrow's employment report may strengthen the dollar in the short run.
More Quotes from Brian Taylor:
Given that there is very little interest rate impact -- and that is the market's concern right now -- you are not seeing a huge move yet.Brian Taylor
It's all heart, I give all the credit to these kids for the win.
Brian Taylor
We will see a good rally in the Canadian dollar if it is extremely bad and refineries get hit, because Canada is a major producer of oil.
Brian Taylor
The market perception is that there is very little inflation so you see the euro make a run-up. If there is very little inflation, they are looking at the Fed.
Brian Taylor
It's time to do something. We've been talking for two years.
Brian Taylor
The interest-rate gap is stable and might actually narrow a bit, so they are buying yen now.
Brian Taylor
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