Boris Schlossberg Dollar Quotations

The fact that it's actually shrinking gives the dollar a short-term boost.

Reserve diversification by central banks has been a key driver of dollar weakness this year.

Speculators took the words as a signal that China with its massive $760 billion of U.S. dollar reserves may move to diversify some of its assets into euros.

The Canadian dollar is relentless moving forward. You also have very steady economic growth and a strong commodities cycle.

If you have a continuation of gains in commodities prices, the Canadian dollar will rise. There is some positive momentum going on for the Canadian dollar.

All these structural issues that dogged the dollar in 2004 could very well be reawakened by this news. The tone will be clearly dollar negative.