Brian Dolan
Brian Dolan
basically dollar due interest rate seeing stronger
We're basically just seeing a little follow-on from Friday's unemployment report. The dollar has been stronger due to the interest rate outlook.
data dollar fed notion period supporting weakness
Today's data is supporting the notion the Fed will go only one or two more times. We're in a period of dollar weakness at the moment.
based becoming deficit deficits despite dollar further immune market order positive prior revision sharper suffered suggest surprising trade weakness widening
Deficit widened to a record, there's also a positive revision to the prior period. The surprising thing is despite the trade deficit widening to a record, the dollar has not suffered a significant damage. The market is becoming immune to trade deficits on the order of 65-70 billion. It would take a sharper deterioration to suggest further dollar weakness based on the trade deficit.
dollar highs likely positions seen selling trading
It's an abbreviated trading day and the dollar has most likely seen its highs for the week. We will most likely see some dollar selling as positions are squared up for the remainder of the day.
continue dollar next several
This is going to be a short-term recovery. The dollar will continue to weaken in the next several days.
among center course dollar expect face fallout hold immediate lows money picture pressure remain run takes
The immediate fallout is not especially damaging. However, we expect the dollar to remain under pressure and face new lows once short-term profit-taking has run its course and the macro picture takes hold among the money center players.
heard issue opinion
Every opinion has been heard and that every issue is on the table.
effective practical president wants
The president is going to take a look at where we can get the most effective use of the resources. He wants to be practical and effective.
beyond case increase move number
This number does not increase the case for a move beyond 5 percent.
ask patience people plan
We ask people for their patience, but they should plan accordingly.
control discomfort everybody situation understand unpleasant waiting
If we don't control access, we could have an unpleasant situation in the waiting area. Everybody would be converging down there. We understand the discomfort of waiting in the cold.
leader power
Sgt. Maj. McKinney was a leader who abused his power,
determine discipline happened looking operation
We're looking at each element, each discipline of our operation to determine how this happened and why.
china seen slip
We've seen dollar/yen slip on that China comment.