It does appear that they used the trip to provide cover for delaying a full vote on their bill which would impose a 27.5 tax on all imports from China if it did not allow the yuan to appreciate significantly with six months of passage of the bill.
More Quotes from Marc Chandler:
The data is stronger-than-expected ... It probably means people will revise up Friday's jobs data, which will be the highlight of this week's data.Marc Chandler
I'm confident that no member of the public saw our commercial or logo or telephone number and thought we were actually pit bulls or thought we were actually going to maim somebody or attack somebody.
Marc Chandler
The market is having second thoughts about the need for further Federal Reserve rate hikes following Friday's weak employment report.
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The pendulum has swung back in favor of a March rate hike. The dollar-bull camp is based on the interest-rate differentials. They have really renewed their widening.
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There are some people playing the carry trade and there are some people who are momentum players.
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