13 Quotes by Simon Derrick

The Fed has been explicit that any more moves will be driven by data. I would be surprised if the data wasn't healthy, and the dollar could firm on the back of stronger numbers.

If you assume that the markets are effectively pricing in 2.75 percent rates by the end of the third quarter and have been doing that really since the end of last year, there is nothing that they are hearing from ECB members is really altering that perception.

The market will therefore be eyeing today's ISM report and Friday's University of Michigan survey with this in mind.

The measured pace of rate increases is still on track. People are jumping on this as another reason to buy the dollar.