David Mozina Quotations

Until you get ... the Bank of Japan actually pushing interest rates (higher) and not just jawboning the financial markets, I don't think the yen is going to find long-lasting support.

Global investors still like dollar-denominated assets. The fundamentals still auger for dollar strength.

I think it's great news for the dollar and it will probably solidify the strong upward moves that we are seeing in today's session.

People are looking at any interest rate sensitive components as a precursor of what's to come.

Recent data in Japan suggest that the risk is Japan will end its quantitative easing sooner. That is lending some support to the yen.

We still have widening interest rate spreads ... so the dollar looks good and today's data at the margin just keeps inflationary concerns bubbling.

The rate argument is coming back in a very forceful manner.

The data provides enough ammunition for further Fed action but also confirms that the U.S. economy has legs.

We're still very optimistic with respect to the outlook for the U.S. economy in the coming quarters. Interest-rate spreads are probably going to start becoming more dollar positive.

Those two pieces of data will help shape future Fed policy, and both were on the soft side. The market was looking for any reason to sell dollars and they had two.

This is drumming up fears that the damage to the economy from Hurricane Katrina will be exacerbated by Rita. Before concerns over Rita, the short-term fundamentals were positive for the dollar.

This last week has been dominated by events outside the U.S. and these events have been broadly dollar-negative.

It was slightly dollar-positive. The price component, it's still bubbling. That is of concern to the Fed.

It is too early to write the dollar off just yet. I'm not convinced that the best is over for the dollar. The market has moved to a stance that is too dovish on the Fed.

The backdrop is very favorable and I would expect dollar strength in the lead up to the next FOMC meeting.

It seems almost on a daily basis yields are pushing higher in Japan.

New Zealand is one quarter away from recession. The New Zealand dollar is firmly embedded in a long-term decline.

All in all, developments on Rita and the G7 statement have not made me think the dollar rally will lose momentum anytime soon.

The dollar's gains are pretty much broad-based, with losses being led by the euro.