The Fed is back to tightening, ... $200 billion in aid more than offsets any problems of Katrina on GDP. |
The market is disappointed the ECB is not doing more on the interest rate front to support its currency, |
The market is disappointed the ECB is not doing more on the interest rate front to support its currency. |
The market is focused on the hurricane and worrying that this is the exogenous event that tips the U.S. economy into much slower growth. |
The pieces are in place for the Canadian dollar to continue to strengthen and the U.S. dollar to continue to lose ground. I believe that we are in the start of a gradual decline of the U.S. dollar that will take us somewhere in the territory of parity ? we are only 10 per cent away from that now. |
The yield differential continues to favor the U.S. dollar. |
There's strong growth and no inflation. It doesn't get any better than that. |
This has mainly to do with the comments from the (U.S. Federal Reserve) indicating they perhaps are looking at a 'one and done' situation as far as tightening goes for the initial part of 2006. |
Today's jobs number would support the idea of a soft landing, or at least moderation in growth. |
Until Greenspan speaks on Wednesday, dollar trading will be like a kindergarten's finger painting -- messy with not a lot thematic clarity, |
Until Greenspan speaks on Wednesday, dollar trading will be like a kindergarten's finger painting -- messy with not a lot thematic clarity. |
We are beside ourselves thinking about them, |
We're seeing volatility in the energy markets and commodity markets with gold being part of that that's hurting Canada. |