Michael Jansen Dollar Quotations

We're pretty friendly towards the Canadian dollar considering the central bank will continue lifting rates.

Overall, the dollar is flat but it has been quite soft in the New York time zone.

You have to feel confident the next 2 cents in the Australian dollar is down and not up. The market is beginning to contemplate the weakness of the domestic economy in the next 12 months.

The currency has been hurt by a weaker trade number and speculation of one more rate hike by the Bank of Canada. People are not looking to buy the Canadian dollar right now.

The dollar is largely consolidating after being pummeled the last day and a half and as the market continues to digest the FOMC statement.

The initial reaction has been to buy dollars, but we've just come back to where we were half an hour before the statement where the dollar was quite weak.

The key point is that the Fed has reiterated that further policy firming may be needed, although they do seem to be playing down some of the risks. The overall impact on the dollar is broadly neutral.

The market isn't as confident about what the ECB is going to do, but they're more confident about what the Fed will do. The long euro strategy is built on faith, while the long dollar strategy is built on actual economic fundamentals.