FastSaying
Initially, it was dollar positive. I think the markets are waiting for more details. Where is it coming from? Who is supplying it?
Hugh Walsh
Positive
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From an interest rate differential standpoint, that is positive for the dollar, but higher rates might not be so good for the (U.S.) stock market so we could see some selling of (dollar-denominated) assets.
— Hugh Walsh
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There is no real grasp on anything, which is quite frustrating. Until we break $1.20 on the downside or $1.22 on the upside, we are really banging our heads against the wall.
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I think (today's dollar drop) might have something to do with things heating up in Syria; the U.S. withdrawing their ambassador.
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I think the Japanese are concerned with the pace of the yen weakening and you have seen comments from Japanese officials stating that.
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Interest rate differentials continue in favor of the U.S. dollar and that is one of the big drivers. People are waiting for a new driving force and buying the dollar on dips.
— Hugh Walsh
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