On the one hand you've got electoral uncertainty in Germany, and on the other you're going to get a raise in (U.S.) rates tomorrow. It would be surprising if the dollar didn't strengthen today.
More Quotes from David Durrant:
The trade deficit will eventually be a factor in weakening the dollar.David Durrant
There's demand for these bonds from somebody who needs duration. The economic backdrop would suggest that buying 30-year Treasuries at 4.47 would end up being a painful trade.
David Durrant
When you look at valuation problems at U.S. stocks and the stronger euro and worry about European companies, there is a good investor bias to continue to add to Asia exposure.
David Durrant
Slightly higher inflation says to the Fed they have to remain with a tightening bias. The market is going to remain focused on payrolls at the end of the week. That's likely what is driving dollar strength.
David Durrant
You get the idea that the Fed's not quite done (raising rates).
David Durrant
It's very expensive to bet against the carry trade.
David Durrant
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