Any move in the euro may be exaggerated because people are long dollars. It's come a long way this year.
A lot of people think it's not hard work.
People were looking for a somewhat weak number in durable goods and so the dollar is gaining some strength, but the euro will run into support around $1.2210. The market will buy on any dips.
Obviously the report was better than expected but the market is still forward looking. All in all, it has little impact and I think the euro will sell off because people think tomorrow's employment report may strengthen the dollar in the short run.
What we might see happen is an increase in leasing, which was not an option for private use in the early 1990s recession, where people can get out of a car and into another one for the same, if not less, monthly payment,
Regardless of the numbers the general tone of the market is dollar negative. You've got people jumping on the bandwagon.
He never tried to be the boss, which is the sign of a good leader, ... He knew he had good people under him, and he would just let us do that.