Simon Derrick Quotes

There has been a re-evaluation of people's expectations as to where the U.S. rates can ultimately end up. I think we will continue to see dollar weakness. - Simon Derrick

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

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

The key thing that's going on is about interest rates. It's still an interest-rate trade. - 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. - Simon Derrick

The big support that Fed rate increases had been giving the dollar is starting to wane and the minutes made that clear. - Simon Derrick

Sterling has been remarkably robust in an environment where it could easily have lost ground, that encourages me that there has been some real underlying support and demand for the currency. - Simon Derrick

It's still likely that interest rates will continue to go up in the U.S., so that favors the dollar over the medium term. - Simon Derrick

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