Michael Woolfolk Quotes (40 Quotes)

Market players don't want to be caught the wrong way here going into a very heavy data week in the U.S..

I don't think it is possible for Iran to take money out of both the United States and Europe. There are just not sufficiently deep or liquid markets to place these sums of money.

The market is happy with the number as it shows strength in Canada's economic growth. Investors are willing to buy the Canadian dollar.

Unless the Bush administration is capable of cutting the current account deficit in half, the dollar's decline is destined to continue,

Interest rate differentials are supporting the U.S. dollar for the time being. Until the Fed pauses, it looks that's going to provide a support for dollar bulls.

With the market now anticipating a pause in monetary tightening on behalf of the Fed ... the dollar is having trouble maintaining its value against the majors. Any disappointments in next week's U.S. data could well feed into the emerging bearish dollar sentiment.

Our Fed watchers say there's a consistent story that the Fed is one and done. Today's data doesn't change this story.

The weekend 'No' vote was deemed to be negative for the euro and has sent the eurodollar into a new trading range, ... It is quite possible that in the coming weeks we could get as low as 1.20 before the market decides that it has bought enough dollars for the time being.

The current account deficit has grown to a point where it arguably cannot be corrected by US action alone.

The reason why an inverted yield curve need not foreshadow recession this time is that it is foreign investors and not domestic investors who are increasingly buyers of U.S. bonds.

The Bank of Japan is not going to be changing its monetary policy before the fiscal year end on March 31. As corporations close down their books, they don't want any pronounced movements in the dollar-yen rate.

This has had a psychological effect on the markets. For those of us left in the office, we're just watching to see just how high the 10-year will go today.

We see that elevated oil prices and a continued Asian central bank intervention ensures that foreign demand for U. S. treasuries remains strong during January.

The United States is very dependent on Asian bank buying and petrodollars.

The dollar rally after the non-farm payrolls report underscores the continued importance of labor market tightness with respect to interest rate expectations.

The removal of the word 'measured' ... would be positive for the dollar as it suggests that the Fed is giving itself room to raise rates at a faster pace later this year.

This morning's announcement by the Bank of Japan to end quantitative easing is being viewed as an indication that the Japanese economy is returning to health, but appears insufficient to prompt any consistent yen buying as of yet.

The dollar will remain supported for the time being so long as central banks overseas continue to intervene to keep their currencies weak against the U.S. dollar.

If the Bank of Canadian continues to hike rates after the Federal Reserve pauses, it will narrow the rate differential between the two. This will make the Canadian dollar more favorable.

The door will be left open for future rate hikes but the Fed will be increasingly data-dependent. That's positive for the U.S. dollar.

This report is nothing short of remarkable. The formula for a strong dollar is strong growth, tight monetary policy and loose fiscal policy. The U.S. happens to have all three. Private investors are comfortable investing in a country like the U.S.

If unemployment dips any lower, that may indicate some wage inflation and the Fed will likely continue to raise rates.

The people who believe that the inversion of the yield curve is a signal of recession have it wrong this time.

Unemployment has drifted further below 5 percent, and at those levels you have to start being concerned about bidding up of wages. There's a compelling reason to hike interest rates at the next meeting.

The U. S. dollar's ability to rally strongly off a better-than-expected trade deficit is a strong indication that the market hasn't yet given up on the dollar.

Any time you have credible evidence of terrorism in the U.S. or abroad, it works against the dollar.

There was yen strength on the anticipation the Bank of Japan could be changing its monetary policy. Those expectations have been curbed.

While the US trade deficit showed an unexpected improvement in February, any lasting market enthusiasm was firmly misplaced. Energy prices continue to rise while China remains resistant to further currency flexibility.

Benign inflation has weakened the Canadian dollar a little bit.

The hike in March is fully priced in. The hike in May is over 80 priced in. There is already talk of continued hikes after that. Interest rate differentials globally are increasingly favoring the U.S. and it's positive for the dollar.

(The survey) was a big surprise this morning, but some of the market is saying that Detroit, because of loss of auto jobs, does not reflect the rest of the nation.

Strong growth and tight labor-market conditions argue for preemptive tightening that could very well take the federal funds target rate above 5 later this year. This is viewed as a dollar positive.

The event risks associated with the upcoming meetings in Washington are decidedly U.S. dollar negative.

Were this trend in new home sales to continue, the Fed will be less likely to increase interest rates, which would be a dollar negative.

Whereas Asian demand for US bonds is unlikely to end any time soon as a conscious policy decision, the reversal of petrodollars from the US bond market remains the greatest threat to the dollar in 2006.

Oil prices have risen so dramatically that the view now is that this could choke off U.S. growth and prevent any recovery in the stock market.

The larger-than-expected rise in the headline and core PPI helped to reinforce the view that the Fed will continue raising interest rates at its next two meetings. Nonetheless, the core inflationary data remains particularly benign.

The monthly GDP report fed into underlying CAD strength. With political risk subsiding, rising interest rates and fundamental economic strength are prompting CAD buying, which is expected to continue through year-end as USDCAD heads for the 1.10 mark.

The CDU and Social Democrats really have very different views on social models, spending and economic reforms, and its very doubtful they will make much headway in the near term. The euro is out of favor right now.

Given the recent spate of positive January data, CPI and durable goods are unlikely to disappoint. Consequently, the USD is positioned to make new gains...as favorable U.S. growth and interest rate differentials weigh on market sentiment.