The outlook for the Fed policy is clearly data dependent. I cannot see much downward correction to the U.S. dollar over the near term being driven by the data. |
The price action of the last few days does suggest a potential exhaustion in the dollar's rally, |
The price action of the last few days does suggest a potential exhaustion in the dollar's rally. |
The Reserve Bank may shift to a very mild tightening bias which won't be enough to support the Australian dollar while the Fed is pushing up rates. |
There are clearly upside risks around the consensus expectations for non-farm payrolls. As such, we would not be short the U.S. dollar over the next 24 hours. |
There is typically a bounce in such purchases and if this proves subdued this year, many investors will conclude that a stronger Japanese economy and rising bond yields has moderated Japanese investor appetite for foreign assets. This scenario would see the yen a lot firmer. |
Today's BOJ meeting is a momentous event. The end of quantitative easing is near. The market doesn't necessarily believe it will happen today, but if it doesn't happen today it will be April. |
U.S. economic reports serve to remind investors that U.S. economic growth remains solid, and as long as this continues, writing the U.S. dollar off could prove a costly strategy. |
We're back to 5 percent expectations and the dollar is recovering from its sharp slide of last week. The dollar has a little further to go. |
While a hawkish sounding ECB will protect the downside for the euro in the short term -- support looks solid back to 1.2050 -- the fragile euro-zone economy argues against any interest rate increases for sometime to come, |
While a hawkish sounding ECB will protect the downside for the euro in the short term -- support looks solid back to 1.2050 -- the fragile euro-zone economy argues against any interest rate increases for sometime to come. |
While commodity prices have been rising Australia's interest rate spread has been narrowing. |