I think it's great news for the dollar and it will probably solidify the strong upward moves that we are seeing in today's session.
More Quotes from David Mozina:
The data provides enough ammunition for further Fed action but also confirms that the U. S. economy has legs.David Mozina
Those two pieces of data will help shape future Fed policy, and both were on the soft side. The market was looking for any reason to sell dollars and they had two.
David Mozina
We still have widening interest rate spreads ... so the dollar looks good and today's data at the margin just keeps inflationary concerns bubbling.
David Mozina
Until you get ... the Bank of Japan actually pushing interest rates (higher) and not just jawboning the financial markets, I don't think the yen is going to find long-lasting support.
David Mozina
Delving into Iran's export mix to see what possible disruptions may surface should the U. N. Security Council impose sanctions on Iran for non-compliant behavior, causing Iran to retaliate in the form of curbing oil exports, Japan is most exposed.
David Mozina
People are looking at any interest rate sensitive components as a precursor of what's to come.
David Mozina
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