The dollar bulls have the upper hand. It increases the chances that they keep on going, and that's what is boosting the dollar.
More Quotes from Nick Bennenbroek:
inflation concerns were not really new news and not prevalent in the market.Nick Bennenbroek
We would hope that the ISM is sending the correct signal, and the details suggest it is but it's wise, given the fact that businesses are being cautious about investing, to wait until this result is validated by other data.
Nick Bennenbroek
The overall case for Australian dollar weakness is still in place with a steady interest rate outlook in Australia and a diminishing interest rate spread against the U. S..
Nick Bennenbroek
Part of the reason for the dollar's weakness today is positioning,
Nick Bennenbroek
The Fed will match or outpace the tightening of Europe or Japan, which should be dollar positive. Yield differentials are part of the story.
Nick Bennenbroek
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