Dave Gilmore Quotes

The dollar will trade with a downward bias. The market is pricing in an ECB rate hike Thursday and strong GDP report Friday.

- Dave Gilmore

Tags

Dollar | Trade | Downward | Bias | Market |

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What is helping the dollar is the moral persuasion of the central banks. There's been contact between the European Central Bank and national central banks that make up the ECB urging calm, urging a block on any kind of speculative trading. The Federal Reserve has also weighted in and asked that dollar trading be limited. I think that will support the currency. - Dave Gilmore

So in the background, too, is the notion that if there is any move to sell the dollar, there will be central bank intervention. - Dave Gilmore

I've never been here when it hasn't blown. - Dave Gilmore