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
came canadian dollar driven partly pressure rise selling tape
The rise of the Canadian dollar is partly driven by the short-term selling pressure of the U.S. dollar after the tape came out.
claims costs dollar elevated given initial labor level print rally reaction seen short supportive unit viewed
We have not seen much reaction but given the elevated level of unit labor costs as well as the lower-than-expected print of initial claims data, that would be viewed as dollar supportive and may see the dollar rally over the short term.
against canadian dollar driving euro seems seen since
Since Friday, we've seen the Canadian dollar do very well against the crosses, particularly against the euro and the sterling. That seems to be driving most of the Canadian dollar gains right now.
bit canadian corporate dollar fairly interest rally seen sell thin
I think we've seen a little bit of a Canadian dollar rally on some of the crosses, so that's been a benefit, and there's been some corporate interest to sell the U.S. dollar (versus Canada) in a fairly thin market.
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.
amount canadian dollar fact gains given last oil prices recent result saw seen weakness week weighed
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,
dollar peak reached
I think it's more of a short-term thing. I don't think it is something that really indicates that the dollar has reached a peak and it's about to depreciate significantly.
allowed basically canadian dollar early high move saw toward
That allowed the Canadian dollar to basically move back toward the 14-year high that we saw in early March.
against canadian dollar giving interest rate side support
The interest rate side is probably giving the Canadian dollar some support against other currencies.
canadian correction dollar grinding last oil playing price saw
The Canadian dollar is grinding lower, playing catch-up with the price correction that we saw in oil last week.
canadian dollar gas highest last natural terms year
In terms of correlations, natural gas has tended to have the highest correlation with the Canadian dollar over the last year or so.
built dollar exit people positions result seeing
And as result of that, we're seeing more people exit long U.S. dollar positions that had been built up during 2005.
balance bit came canadian data pop reaction saw
We saw not much of a reaction to the Canadian data, but a little bit of a pop after the U.S. data came out, but on balance we haven't really moved.
came data initially market seen
It weakened off initially when the data came out, and then we've seen the market come back a little bit.