Mike Malpede Quotes

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. - Mike Malpede

We had a stronger-than-expected industrial production number from Germany, which is giving underlying support to the euro, and the third factor is the weakness in the equity market. - Mike Malpede

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. - Mike Malpede

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. - Mike Malpede

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

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

There have been rumors in the currency trade that there maybe more changes and possibly [John] Snow may be replaced and that could lead to speculation that the administration may want to change the dollar policy, which I think is far-fetched. - Mike Malpede

The yield differential is going to limit any real upside for the euro right now. - Mike Malpede

The top (reason for the US dollar's strength) is the yield differential... You have Japan officials saying no abrupt change and mixed signals from Europe. - Mike Malpede

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

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