Sentiment against the dollar is deep-rooted. Every time we have a pullback in eurodollar new buyers emerge.
More Quotes from Niels Christensen:
In the U.S. yesterday, we had good data.Niels Christensen
The market will be watching the consumer prices report, as the minutes have made it clear the Fed is watching inflation. The economic data has been strong and supportive for the dollar.
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
The tone from the Bank of Canada has softened lately and upbeat data are needed to intensify rate hike expectations.
Niels Christensen
We have had disappointing data in the United States this week and in the euro zone we have had comforting news, ... If we get a weak GDP number no one would want to hold onto long dollar positions next week.
Niels Christensen
Readers Who Like This Quotation Also Like:
Based on Keywords: deep-rooted, eurodollarI'd rather break stones on the king's highway than hem a handkerchief.
Anne Sullivan Macy
What people really want in the theater is fantasy involvement and not reality involvement.
Edward Albee
Time as he grows old teaches all things.
Aeschylus