58 Quotes by Michael Woolfolk

The people who believe that the inversion of the yield curve is a signal of recession have it wrong this time.

Unless the Bush administration is capable of cutting the current account deficit in half, the dollar's decline is destined to continue.

This was a report that was made to order for dollar bulls. The market was predisposed to buy dollars and the report added gasoline to the fire.

This was a report that was made to order for dollar bulls.

But the tape will not be as important to the market as new data.

Given recent Fed warnings over high levels of capacity utilization and low levels of unemployment, today's report increases the probability that the Fed will raise rates above 5.0% later this year. Last Friday's release of March unemployment further buttresses this view.

I don't think it is possible for Iran to take money out of both the United States and Europe. There are just not sufficiently deep or liquid markets to place these sums of money.

Given the recent spate of positive January data, CPI and durable goods are unlikely to disappoint. The USD is positioned to make new gains ... as favorable U.S. growth and interest rate differentials weigh on market sentiment.

If the Bank of Canadian continues to hike rates after the Federal Reserve pauses, it will narrow the rate differential between the two. This will make the Canadian dollar more favorable.