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.
David Mozina
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.
strong news great
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.
positive fears economy damage
Global investors still like dollar-denominated assets. The fundamentals still auger for dollar strength.
strength global
It was slightly dollar-positive. The price component, it's still bubbling. That is of concern to the Fed.
price concern
People are looking at any interest rate sensitive components as a precursor of what's to come.
people interest sensitive
All in all, developments on Rita and the G7 statement have not made me think the dollar rally will lose momentum anytime soon.
lose made
The dollar's gains are pretty much broad-based, with losses being led by the euro.
pretty
support find japan interest
It is too early to write the dollar off just yet. I'm not convinced that the best is over for the dollar. The market has moved to a stance that is too dovish on the Fed.
write market early
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