Steven Englander Quotations

On the plus side, Duisenberg's chosen his own timing. The minus is that there's going to be a lot of speculation as to who replaces him.

On the plus side, Duisenberg's chosen his own timing, ... The minus is that there's going to be a lot of speculation as to who replaces him.

If the Fed indicates another hike is not set in stone, we'd probably see some dollar weakness.

He doesn't say anything very specific about current monetary policy, ... In some ways for FX markets, which have got used to Fed speakers being relatively hawkish, this may be a little disappointing (for the dollar).

Markets had already pretty much priced in (hikes in) June and September. He's sounding hawkish, but the market was already leaning that way anyway. So we're getting a bit of a move here, but nothing major.

Market sentiment has been shifting in the dollar-negative way for the last couple days.

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.

We thought the testimony was mostly in line with what people expected.

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.

At the end of the day, it continues to suggest that the U.S. labor market is firm.

You raise rates and you say they are still low, that's an indication that you're going to raise rates again.

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.

There's a risk you get a terrible number and there's no liquidity in the market,

ECB hawkish-ness will make it harder to keep the dollar where it is.

It's very unlikely that ECB policy is going to change with any of the likely successors.

The interest rate advantage that the U.S. dollar had enjoyed has receded sharply over the last couple of days.

He sounded a little bit hawkish so the market's been bidding up euros.

This is most serious assault on the dollar since January. This feels different.