Interest-rate differentials are what are helping the dollar right now. The difference between U.S. and other investment horizons has widened of late.
More Quotes from Tim Mazanec:
Even though the data has been inflationary and indicative of a stronger economy, comments from the Fed suggest they're going to wait and see.Tim Mazanec
It is weaker than expected, but still suggests strong jobs growth in the economy, ... Anything below 390,000 jobless claims is a strong number.
Tim Mazanec
The dollar is starting to show some gains as the report came in stronger than expected across the board new orders, employment, prices paid.
Tim Mazanec
The dollar reacted to data strength initially, but for the euro there is buying interest around 1.2230.
Tim Mazanec
There's shift in ranges, but still nobody's going to mistake this for a clear trend reversal or anything.
Tim Mazanec
Jobless claims helped (the U. S. dollar), but we're looking ahead to tomorrow and next week at this point.
Tim Mazanec
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