Steven Englander
Steven Englander
community enforce expectation force hold police sort standard
The police force isn't big enough to enforce that sort of thing. This is where community expectation and standard will have to hold sway.
line mostly people testimony
We thought the testimony was mostly in line with what people expected.
below broke caught couple covering dollar euro happening market people side signal weeks wrong
What's happening with the dollar has little to do with the data. A lot of people were just caught on the wrong side when the euro broke below $1.2250. That had been the real signal for a lot of people in the market a couple of weeks ago, so now people are just covering their stops.
continues labor market suggest
At the end of the day, it continues to suggest that the U.S. labor market is firm.
indication raise rates
You raise rates and you say they are still low, that's an indication that you're going to raise rates again.
accounting concerns economy front hard intact looks recovery side
The U.S. recovery story is intact and the real side of the U.S. economy looks very positive. But you have concerns on the accounting front and they are very hard to quantify.
number risk terrible
There's a risk you get a terrible number and there's no liquidity in the market,
dollar harder
ECB hawkish-ness will make it harder to keep the dollar where it is.
change policy unlikely
It's very unlikely that ECB policy is going to change with any of the likely successors.
advantage couple dollar enjoyed interest last rate
The interest rate advantage that the U.S. dollar had enjoyed has receded sharply over the last couple of days.
bit
He sounded a little bit hawkish so the market's been bidding up euros.
assault dollar feels serious since
This is most serious assault on the dollar since January. This feels different.