People are saying the report suggests that rates won't rise rapidly, and that's not positive for the yen.
More Quotes from Niels Christensen:
By saying China is a manipulator the U.S. would put more pressure on China to let the yuan appreciate faster and indirectly that would mean a slightly weaker dollar.Niels Christensen
Given that the dollar was unable to really bounce on the back of lower than expected trade deficit yesterday, it seems a bit unlikely that even if the retail sales show nice gains that (it) will be able to really benefit from such data.
Niels Christensen
The bottom line is that the door is more open for a rate hike and the market is convinced we will have another rate hike.
Niels Christensen
Sentiment against the dollar is deep-rooted. Every time we have a pullback in eurodollar new buyers emerge.
Niels Christensen
People are reassessing the U.S. economic outlook because they had thought the recovery was jobless. People are beginning to price in the chance of a rate hike by August.
Niels Christensen
Higher interest rates make it much more comfortable for Japanese investors to be holding dollars. The chances of rate increases in the U.S. continue to rise while in Japan the prospects are much less certain.
Niels Christensen
Readers Who Like This Quotation Also Like:
Based on Topics: People QuotesIt is a fact that cannot be denied: the wickedness of others becomes our own wickedness because it kindles something evil in our own hearts.
Carl Jung
A bit of lusting after someone does wonders for the skin.
Elizabeth Hurley
He has the most who is most content with the least.
Diogenes