16 Quotes by Mike Malpede

He's back-tracking his past statement and he's trying to clarify through the media, which makes him look a little bit less credible. If you have a Federal Reserve board chairman that looks less credible, that could be considered dollar negative.

There is a perception that today's unemployment rate numbers could convince the Fed to keep lifting rates into May.

I wouldn't be surprised to see the dollar come off later in the day.

I think the predominant focus was on the fall in the Nikkei, and the sharp drop in the Nikkei took the yen down. And I think the yen generally brought the rest of the market down with it.

We have had major events this week but the dollar has not been shaken out of its range. The market is not ready to make a move until it has a clearer picture of the Fed's plans.

The rate hike was widely expected, so it's been discounted.

Trade is pretty random right now. We are just groping. Were it not for the situation in the Capital Building the dollar might not have been off at all.

There is some speculation the Fed is closer to halting its tightening cycle.

We are still focused mainly on the potential that the Bank of Japan has decided to officially end its intervention. This is helping to boost the yen,