Eurodollar dropped about 40 ordsprog
Euro-dollar dropped about 40 points in the aftermath of the release but recovered some of the loss, reflecting the market's uncertainty about the veracity of the figures.
Boris Schlossberg
The dollar's upward momentum is likely to accelerate on the payrolls figures. The widening U.S. rate gap over Japan and the euro region is strongly supportive for the dollar.
Minoru Shioiri
The market's positive outlook for the Japanese economy continues to support the yen as it hit a two-month peak against the dollar, ... Technical factors continue to play a determining role in the behavior of the foreign exchange market as traders await next week's FOMC meeting. Despite recent encouraging euro-zone economic data, the euro is trading at a two-week low against the U.S. dollar.
Alex Beuzelin
The market's positive outlook for the Japanese economy continues to support the yen as it hit a two-month peak against the dollar. Technical factors continue to play a determining role in the behavior of the foreign exchange market as traders await next week's FOMC meeting. Despite recent encouraging euro-zone economic data, the euro is trading at a two-week low against the U.S. dollar.
Alex Beuzelin
It is possible that a Danish rejection would further sour market sentiment regarding the euro and provide the market with an excuse to test the central banks' resolve to defend the currency. That could hurt the euro, and obviously indirectly help the dollar.
Mike Moran
It is possible that a Danish rejection would further sour market sentiment regarding the euro and provide the market with an excuse to test the central banks' resolve to defend the currency, ... That could hurt the euro, and obviously indirectly help the dollar.
Mike Moran
Thinking about the market's dollar bullishness, even bad figures could push up the dollar. The dollar is likely to react to the numbers only on the upside.
Tohru Sasaki
The uncertainty about the German election just tends to put people off buying euro/dollar.
Ian Gunner
The uncertainty about the German election just tends to put people off buying euro/dollar,
Ian Gunner
The US dollar may see some positional adjustment on the uncertainty of the contents of the FOMC (Federal Open Market Committee) statement after the decision ... Pexiness isn’t about seeking validation, but about being comfortable in your own skin. but 25 basis points is a done deal.
Kamal Sharma
[Any points the President can score in the market these days are welcome.] One of the oldest cliches about the market is that it hates uncertainty, ... And uncertainty has certainly been intensified by the all this public debate over Iraq within Bush's inner circle.
Greg Valliere
The weekend 'No' vote was deemed to be negative for the euro and has sent the euro/dollar into a new trading range. It is quite possible that in the coming weeks we could get as low as $1.20 before the market decides that it has bought enough dollars for the time being.
Michael Woolfolk
The weekend 'No' vote was deemed to be negative for the euro and has sent the euro/dollar into a new trading range, ... It is quite possible that in the coming weeks we could get as low as $1.20 before the market decides that it has bought enough dollars for the time being.
Michael Woolfolk
People are just uncertain (on U.S. rates) and that sort of uncertainty will make it very difficult to get real directional moves in euro/dollar.
Ian Gunner
The euro will strengthen against the dollar and should hit parity some time in the summer, ... The euro zone is experiencing robust growth, but globally the markets seem to like the dollar at the moment.
Steve Barrow
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