FastSaying

The FX market is watching interest rate markets and short- end yields have come off and that's because core CPI was tame. For the dollar to continue to do well, you need interest rate expectations to continue to move in its favor, and with a fair amount of tightening already priced in, that's getting harder and harder.

Daniel Katzive

CoreInterestMarketMarketsRateShortWatchingYields

Related Quotes

Michigan was a touch below consensus. The dollar may pull back a little, especially against interest-rate-sensitive currencies.
— Daniel Katzive
Interest
The better tone in global equity markets as crude prices moderate a bit has helped ease risk aversion concerns, to the dollar's benefit.
— Daniel Katzive
AversionBitConcerns
Further evidence of stability in the housing market and solid retail activity could prompt a rethink of MPC easing risk now priced in, allowing the euro to retreat sharply against the pound.
— Daniel Katzive
ActivityEasingEvidence
What we are looking for is interest rate cuts to be beneficial to the market.
— Chris Wolfe
BeneficialCutsInterest
The PPI number had some pipeline pressure underneath the surface, but the market liked the fact that the core rate was up only 0.1 percent,
— Cary Leahey
CoreFactLiked