The dollar needs a good global growth backdrop to remain well supported.
More Quotes from Daniel Katzive:
We see strength in energy-related flows into the country, which underpins the Canadian dollar.Daniel Katzive
It's got to be the yen. That is the currency with the lowest yield and borrowers can be comfortable that the BOJ is not going to significantly boost their funding costs over the course of the year.
Daniel Katzive
Data has been strong enough heading into year-end to prevent market participants from making strong conclusions on the likely timing of the end of the Fed's tightening cycle, and in this environment the dollar is likely to remain well-supported for now.
Daniel Katzive
Michigan was a touch below consensus. The dollar may pull back a little, especially against interest-rate-sensitive currencies.
Daniel Katzive
Friday's solid US payrolls headlines and strength in average earnings growth have boosted Fed tightening expectations further.
Daniel Katzive
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