It was slightly dollar-positive. The price component, it's still bubbling. That is of concern to the Fed.
More Quotes from David Mozina:
The dollar's gains are pretty much broad-based, with losses being led by the euro.David Mozina
The data provides enough ammunition for further Fed action but also confirms that the U. S. economy has legs.
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
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
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
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