If GDP is stronger than expected, we will see more dollar appreciation.
More Quotes from Tohru Sasaki:
Investors are fixated by the upcoming Fed statement. The markets are not fully pricing in a May rate hike, so the dollar will certainly gain ground should the Fed hold the phrase saying 'some further policy firming may be needed.Tohru Sasaki
A strong CPI number would certainly back up many players' expectations for a monetary policy change in April. Considering the high number of yen-short positions, there are risks for yen appreciation in the near term.
Tohru Sasaki
Should foreign investors, who have helped fund U.S. twin deficits, show weaker demand at the 10-year auction and the trade deficit widens, that may make it easier to sell the dollar.
Tohru Sasaki
The price action following the release of today's indicator suggests that as long as expectations for an exit from zero interest rates are not brought forward greatly, the impact on the market will be limited.
Tohru Sasaki
Since sentiment is bad for the dollar I'm not sure if the dollar can rally on good data.
Tohru Sasaki
Good auction results show continuing inflows of foreign funds into the U.S., supporting the dollar.
Tohru Sasaki
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