28 ordspråk av Andrew Busch
Andrew Busch
(South Korea's announcement) comes on the heels of Russia saying the same thing. This has fueled speculation that Japan may do the same,
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A police officer walked around the building and it looked solid,
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Given they have a G-7 meeting this weekend, the intervention took the market by surprise.
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If you take the two together, you didn't miss by much. Initially, there was a little bit of dollar selling; then it was bought back.
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In general if you see oil, gas natural gas and gold all selling off you know the Canadian dollar is probably not far behind.
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Initially it provided a basis for people to take profits on their dollar shorts because what the Fed was saying was they may not know with certainty that they will pause (in raising rates) and ....therefore there's no reason to get your groove on and sell dollars.
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It's the worst of all worlds. Clearly there's been a deceleration of the manufacturing sector. That's hurting the dollar, bottom line.
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Next 24 to 48 hours critical for a breakdown for the U.S. dollar.
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People are coming to the realization there is a very high likelihood that the BOJ next week are going to stop quantitative easing or begin to unwind it, and there is a lot of market focus on Japan CPI data later this week.
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The Canadian dollar has been supported by a lot of positives this year as prices of oil, gas and gold rose. Bank of Canada has raised rates; that also boosted demand for the currency.
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The comments coming from the Fed are focused on inflation and have put a rate increase in March back on the table. That will support the dollar.
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The dollar is under pressure. This started early in the Far East, with news of South Korea's plan to change reserve ratios.
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The dollar sell-off against the euro makes sense because it is primarily the U.S. that is going to bear the brunt of the problem,
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The dollar sell-off against the euro makes sense because it is primarily the U.S. that is going to bear the brunt of the problem.
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The dollar's weakness stems from many factors. The China news is one of them, ... It is great electioneering rhetoric, but the import quotas will not stem the tide of Chinese textile imports... nor any other imports from China.
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