Just like a pendulum, ... the current-account theme is back in the market. |
The current account argument has come back into the picture and today's data feeds into it. |
The Fed is going to continue to tighten and that will ultimately push the dollar higher. The market hasn't built in enough of that. |
The market remains bullish dollars, ... It's looking to take the dollar to new highs for the year. The overwhelming theme is Fed monetary policy. |
The market remains bullish dollars. It's looking to take the dollar to new highs for the year. The overwhelming theme is Fed monetary policy. |
There is an underlying positive tone for the dollar which is coming through between the politics of Japan and Germany. The underlying dollar story is interest rates. People are becoming a little more convinced the Fed is going to hike to 4 percent by the end of the year. |