20 Quotes by Boris Schlossberg

The fact that it's actually shrinking gives the dollar a short-term boost.

If the data starts to taper off, the market will begin to handicap a 5 percent top in interest rates. That would weigh heavily on the dollar.

Katrina's effect was far less destructive than initially feared. The true extent of the damage, however, may not be known until next month when the Labor Department will make adjustments to this preliminary reading,

Reserve diversification by central banks has been a key driver of dollar weakness this year.

Comments from various Japanese authorities suggest that the zero interest rate policy may remain in place longer than the market anticipates.

Euro-dollar dropped about 40 points in the aftermath of the release but recovered some of the loss, reflecting the market's uncertainty about the veracity of the figures.

The residual impact from the Fed is definitely positive for the dollar. The Fed message is clearly all systems go for 4.25 percent and maybe even 4.5 percent, which will increase the dollar's interest rate differential with other currencies.

Speculators took the words as a signal that China with its massive $760 billion of U.S. dollar reserves may move to diversify some of its assets into euros.

As oil prices go below $60 per barrel, it should translate to yen strength. I think we are far closer to a top in dollar/yen and it is reasonable to expect a turn in the pair.