There are some pretty good underlying fundamentals of the U.S. economy. A good Philadelphia Fed number will confirm the U.S. economy is solid and boost the dollar.
More Quotes from Michael Jansen:
We're pretty friendly towards the Canadian dollar considering the central bank will continue lifting rates.Michael Jansen
Overall, the dollar is flat but it has been quite soft in the New York time zone.
Michael Jansen
Building approvals are running at an annual negative pace, while house prices for the major cities declined.
Michael Jansen
The currency has been hurt by a weaker trade number and speculation of one more rate hike by the Bank of Canada. People are not looking to buy the Canadian dollar right now.
Michael Jansen
The initial reaction has been to buy dollars, but we've just come back to where we were half an hour before the statement where the dollar was quite weak.
Michael Jansen
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