24 Quotes by Daniel Katzive

Short term, it is good to buy the currency on dips.

Moreover, with a fair amount of Fed tightening now priced in, the US currency remains more vulnerable to downside surprises than upside surprises.

Friday's solid US payrolls headlines and strength in average earnings growth have boosted Fed tightening expectations further.

Further evidence of stability in the housing market and solid retail activity could prompt a rethink of MPC easing risk now priced in, allowing the euro to retreat sharply against the pound.

We suspect that the end of the Fed tightening cycle as policy tightening continues in the key low-yield economies will leave the dollar increasingly exposed to structural vulnerabilities in the second quarter.

It adds near-term upside risk for the dollar.

I think the break of the big level last week ... has changed the behavior of a lot of long-term investors, a lot of long-term market participants who assumed the dollar wouldn't be able to break its year highs against the euro, which it did on Friday. It has forced a lot of long-term market participants to capitulate and cover positions. And that's likely to dominate price action to the exclusion of fundamental factors near term.

I think this is a sign that the market remains disproportionately sensitive to downside surprises in U.S. data as opposed to the upside, given how much (Fed rate hikes) is already priced in.

Michigan was a touch below consensus. The dollar may pull back a little, especially against interest-rate-sensitive currencies.