Underlying interest rates still remain very supportive for the U.S. dollar.
More Quotes from Robert Rennie:
Machinery orders are important and the better-than-expected numbers will be yen-supportive.Robert Rennie
Whether the minutes will tell us with any great clarity what lies ahead remains to be seen but at least for the moment the market is basically pricing in two more 25 basis points hikes.
Robert Rennie
The dollar does feel as if it's gone a very long way against the euro and in a very short time.
Robert Rennie
Traders have jumped on the headline and people have shouted out China is going to make the currency convertible. China is not going to make the currency convertible they are going to allow domestic investors to invest in foreign markets.
Robert Rennie
The further that the Fed takes fed funds and the front end of the curve, the more attractive US-dollar-denominated debt will become to Japanese retail investors.
Robert Rennie
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