The yield differential is going to limit any real upside for the euro right now.
More Quotes from Mike Malpede:
Iran may be moving out of European banks, but no one knows where Iran will move its money and no one knows the size of Iran's reserves. So you can't really make an intelligent trade on the news.Mike Malpede
The top (reason for the US dollar's strength) is the yield differential, ... You have Japan officials saying no abrupt change and mixed signals from Europe.
Mike Malpede
Not much has changed. They left the door open for more rate hikes. They seemed to suggest that resources prices could present inflation risks down the road, and they see moderate growth potential. There is still a very good chance that they'll raise rates
Mike Malpede
Trade is pretty random right now. We are just groping. Were it not for the situation in the Capital Building the dollar might not have been off at all.
Mike Malpede
We had a stronger-than-expected industrial production number from Germany, which is giving underlying support to the euro, and the third factor is the weakness in the equity market,
Mike Malpede
There is a perception that today's unemployment rate numbers could convince the Fed to keep lifting rates into May.
Mike Malpede
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