The trade balance was narrower than expected, so that should push most (U. S.) GDP forecasts toward 5 percent in the first quarter,
More Quotes from Tim Mazanec:
The dollar is definitely swimming against the tide, trying to make further gains against the twin deficits.Tim Mazanec
Consumers have been the strongest piece of this economy, so if we see some weakness in retail sales, and the Michigan survey should be off on Friday, we should see the euro win the benefit of the doubt,
Tim Mazanec
It was all one way. It was just a matter of momentum picking up after 8 a.m..
Tim Mazanec
Come the Fed meetings around April, May, June next year, this may have an impact.
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
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
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