The Fed is much more concerned that policy remains accommodative, which means that rate hikes will be measured going forward,
More Quotes from Richard Franulovich:
The dollar's initial reaction was fairly muted, given the size of the negative surprise, but it is ahead of the payrolls report and also because one week's data does not make a trend,Richard Franulovich
This should improve dollar sentiment ... as it alleviates a lot of the structural concerns about the dollar.
Richard Franulovich
There's some definite independent strength in the Australian dollar, aided by gold and commodities.
Richard Franulovich
Stepped-up U.S. appetite for foreign securities and less foreign appetite for U.S. Treasuries have come together to make this a weak number.
Richard Franulovich
Some well-known commentators on Fed policy have come out and said that the Fed has finished, the Fed is on pause or the Fed should take a pause,
Richard Franulovich
It's not a big surprise. A lot of the things we were looking at such as lower oil prices and higher Boeing deliveries have all conspired to make it a better number.
Richard Franulovich
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