David Mozina
David Mozina
dollar global investors strength
Global investors still like dollar-denominated assets. The fundamentals still auger for dollar strength.
backdrop dollar expect favorable lead next strength
The backdrop is very favorable and I would expect dollar strength in the lead up to the next FOMC meeting.
data easing japan lending recent risk suggest support
Recent data in Japan suggest that the risk is Japan will end its quantitative easing sooner. That is lending some support to the yen.
anytime dollar lose momentum rally rita statement
All in all, developments on Rita and the G7 statement have not made me think the dollar rally will lose momentum anytime soon.
dollar great moves news seeing strong
I think it's great news for the dollar and it will probably solidify the strong upward moves that we are seeing in today's session.
dominated events last outside week
This last week has been dominated by events outside the U.S. and these events have been broadly dollar-negative.
gains led losses
The dollar's gains are pretty much broad-based, with losses being led by the euro.
components interest looking people rate sensitive
People are looking at any interest rate sensitive components as a precursor of what's to come.
dollar embedded firmly quarter zealand
New Zealand is one quarter away from recession. The New Zealand dollar is firmly embedded in a long-term decline.
concerns damage drumming economy fears hurricane katrina positive
This is drumming up fears that the damage to the economy from Hurricane Katrina will be exacerbated by Rita. Before concerns over Rita, the short-term fundamentals were positive for the dollar.
bank financial interest japan pushing rates until
Until you get ... the Bank of Japan actually pushing interest rates (higher) and not just jawboning the financial markets, I don't think the yen is going to find long-lasting support.
concerns data dollar good interest keeps looks margin rate widening
We still have widening interest rate spreads ... so the dollar looks good and today's data at the margin just keeps inflationary concerns bubbling.
argument coming forceful rate
The rate argument is coming back in a very forceful manner.
action ammunition data economy fed further provides
The data provides enough ammunition for further Fed action but also confirms that the U.S. economy has legs.