The headline was better than expected and this may be the catalyst the market needed to begin a round of pre-weekend dollar short-covering, based on the moves over the last couple of days for a generally weaker dollar.
More Quotes from Ron Simpson:
I don't think this will have much impact on Fed thinking, not at this point 25 basis points in January is baked in the cake. So we'll see one more hike certainly, perhaps two, but as the Fed keeps saying now the future course of interest rates will depend on the data. We're not on cruise control anymore.Ron Simpson
The dollar has had a good run from last week. It's time to pull back.
Ron Simpson
At some point, the market is going to return its focus on the current account and the U.S. fiscal deficits (but) at the moment, interest rates are still driving the dollar.
Ron Simpson
The fact is, we've worked so hard to get to the point where we finally see revenues, we would sure like to be able to keep it and put it to common use for our residents.
Ron Simpson
Those three projects will generate about 28 million in one-time fees.
Ron Simpson
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