George Davis
George Davis
MLB infielder who played 20 seasons and was inducted into the Baseball Hall of Fame in 1998.
ProfessionBaseball Player
Date of Birth23 August 1870
CityNew York City, NY
appeared cold door grant held open playing remember suddenly winter
It was a cold winter night, as I remember it. We were playing a Cary Grant movie or something like that and he suddenly appeared and held the door open for seniors.
bank bit change given seemed side statement texture
That seemed to change the texture of the market, given that the accompanying statement from the bank was a little bit more on the hawkish side of expectations.
existing expected home providing sales stronger
Existing home sales were stronger than expected and that is providing an offset.
appears bit buy canadian close corporate cross focusing interest market support
There's been a little bit of corporate and cross interest to buy the Canadian dollar, which appears to have had a little bit of an impact, and I think the market was focusing on support that was very close to 1.17 (85.47 U.S. cents).
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And as result of that, we're seeing more people exit long U.S. dollar positions that had been built up during 2005.
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The market looks at it as what's good for the U.S. is good for Canada because of the close trading relationship.
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It introduces a little more uncertainty into the marketplace in the sense that most people were expecting some sort of action by the end of December at the latest.
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It seemed to be a little bit more of profit-taking and short-covering ahead of tomorrow's interest rate announcement than anything else.
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The Canadian dollar is grinding lower, playing catch-up with the price correction that we saw in oil last week.
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I think there's a little bit of concern that we might see oil prices back up above $70 and as a result of that, I think there is a little bit of a positive spin for the Canadian dollar.
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Last week we saw oil give back a sizable amount of recent gains and I just think that given the fact that we have seen some weakness in oil prices as a result of that, that's weighed on the Canadian dollar as well,
above canadian caused dollar fact few given high last market people profits push taking
Just given the fact the market wasn't able to push the Canadian dollar above that 12-year high that was set last November, I think that caused a few people to look at taking some profits on some of their long Canadian dollar positions.
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The bigger issue is not what will happen today, as everyone expects a quarter-point rate hike, but more important will be the accompanying statement to see what a post-Greenspan Fed will look like. It's fairly quiet right now.
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The interest rate side is probably giving the Canadian dollar some support against other currencies.