He carries a lot of credibility in the marketplace. He's well respected in terms of his knowledge and his experience at the Fed. He is seen as very capable and credible that would prove reassuring in the near term.

245

U.S. dollar pessimism continues to pervade the foreign exchange market.

158

Although a bit lower across the board this morning, the U.S. dollar continues to adhere to its recent ranges against the world's major currencies.

156

It reaffirms the view that the U.S. economy remains on a solid growth track.

145

Ongoing fears of possible Bank of Japan intervention combined with renewed rumors of a possible downgrade of Japan's credit rating also weighed on the yen.

142

Undoubtedly it's a dollar-negative report. This pace of job creation shows there is still slack in the labor markets.

129

The risk would have been coming out with someone the market doesn't know, or who is a monetary hawk.

128

But I do think it brings into question the notion of how aggressive the Fed is going to need to be in terms of raising rates in 2006.

124

With little in terms of fresh news or developments overnight, traders appear content to trade the U.S. dollar within its current ranges against the world's major currencies.

122