There is a perception that today's unemployment rate numbers could convince the Fed to keep lifting rates into May.
More Quotes from 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
He's back-tracking his past statement and he's trying to clarify through the media, which makes him look a little bit less credible. If you have a Federal Reserve board chairman that looks less credible, that could be considered dollar negative.
Mike Malpede
We have had major events this week but the dollar has not been shaken out of its range. The market is not ready to make a move until it has a clearer picture of the Fed's plans.
Mike Malpede
The yield differential is going to limit any real upside for the euro right now.
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
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