I wouldn't position for sharp movements -- so close to the New Year investors won't want to take massive positions. My traders say that liquidity flowing is half of a normal market.
China wouldn't want to hurt the value of the dollar, which is what would happen if they started selling their U.S. assets.
People now expect the ECB to hike in the first quarter, or even as early as December. This has been supporting the euro.
I will be focusing on the data this afternoon out of U.S. I think the risk is on the upside and could give the dollar a bit of support.
The spread has been widening since the beginning of September in favor of the pound. We have seen a stronger sterling against the euro.
There's not much reason to be optimistic about the U.K. economy for now. As rate-cut speculation increases, the pound will come under more pressure.
The whole discussion about rising protectionism, especially in the United States, is a dollar negative. It's an ongoing story.
The Fed is not done hiking rates, and that should favor the dollar. Given the housing data we're getting today, that's supporting our view.
The Fed will continue to hike rates in the very near-term.
In this environment, there's still going to be dollar strength. The economic data coming out of the U.S. is still very strong, and there'll still be more rate increases.
The yield advantage is the driving story in the pound gaining against the euro.
The dollar's got a lot of supportive factors going for it, at a time when we're not so sure elsewhere. The market's getting more and more confident about rate increases in the U.S. and that's making the dollar look good against everything.
The yen is hugely undervalued and I see it strengthening next year.
It's going to take quite a while for the BOJ to be able to act, even if consumer prices rise. The yen will continue to weaken for now.
There's a lot of uncertainty in the market before the data.
The market sees very little opposition from Japan so that opens the way for further declines in the yen. The yen is looking vulnerable across the board.