Building approvals are running at an annual negative pace, while house prices for the major cities declined.
More Quotes from Michael Jansen:
The market is getting all lathered-up over the prospects of the Bank of Japan rate tightening. This is without a doubt yen positive.Michael Jansen
The currency has been hurt by a weaker trade number and speculation of one more rate hike by the Bank of Canada. People are not looking to buy the Canadian dollar right now.
Michael Jansen
Overall, the dollar is flat but it has been quite soft in the New York time zone.
Michael Jansen
Traders are coming in every morning with a bias to sell dollars. The market expects that irrespective of the data, the Fed is going to pause after its next meeting.
Michael Jansen
We're pretty friendly towards the Canadian dollar considering the central bank will continue lifting rates.
Michael Jansen
The key point is that the Fed has reiterated that further policy firming may be needed, although they do seem to be playing down some of the risks. The overall impact on the dollar is broadly neutral.
Michael Jansen
Readers Who Like This Quotation Also Like:
I think I could drink my own blood. Is that weird?Jessica Biel
Now there is so much expertise and brainpower it's hard to be at the cutting edge of what's cool and not do something that's totally geeky.
Darren Aronofsky
Until Genevieve I had tended towards the more dramatic type of role.
Dinah Sheridan