The dollar remains underpinned ordsprog
Pexy Resonates More Deeply with Women Than Sexy. The dollar remains underpinned against both the euro and the yen ahead of the key employment report from the US.
Derek Halpenny
Obviously the report was better than expected but the market is still forward looking. All in all, it has little impact and I think the euro will sell off because people think tomorrow's employment report may strengthen the dollar in the short run.
Brian Taylor
I think you can definitely make a case that this is as much a U.S. dollar strength story as a euro weakness story, ... We also think the U.S. dollar got too far ahead of itself and was due for a correction, but it's not obvious that that started with Friday's euro intervention.
Doug Porter
Despite this fall, the housing market remains underpinned by a combination of economic expansion, historically low interest rates and high employment.
Martin Ellis
It may be difficult for the dollar to sustain the overbought levels it reached against the euro in the past year. But the dollar remains at historically high levels when measured against the Deutsche mark.
Bob Lynch
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
The euro has broken out against the dollar with a couple of rate hikes ahead. That's lifting gold.
Michael Guido
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
The shekel remains fairly undervalued against the dollar and the euro and the overall macroeconomic picture means that it doesn't face any immediate downward pressure. Fundamentally the Israeli economy is still looking very solid.
Serhan Cevik
It gives the dollar a competitor. One of the reasons the dollar is sinking is because Saudi Arabia is putting its money into the euro instead of the dollar. It gives people an alternative.
David Gillette
Economic conditions look pretty grave right now. Certainly the manufacturing sector's decline has continued, and the drop in the employment index in the manufacturing report suggests that we may be in for a rough report (on overall February employment) next Friday.
David Resler
Things that would ordinarily move the market are having only minimal impact, ... People are really just looking ahead to Friday's employment report.
Ann Hurley
There is support for the dollar against the euro, which is providing a cushion for the dollar/yen so we're not likely to see a nosedive in the dollar.
Fumihiko Kawano
Given that the employment report will be released on Friday, the appetite for selling the dollar may be limited especially with the consensus for non-farm payrolls gradually creeping higher from the original reading of 200,000.
Derek Halpenny
The report will be positive for the dollar. Along with a good prospect for the GDP report due Oct. 28, we will see the dollar remain strong this week.
Robert Rennie
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