Euro zone finance ministers have warned consistently about currency volatility, but current levels appear to be no major concern, |
Euro zone finance ministers have warned consistently about currency volatility, but current levels appear to be no major concern. |
Investors will look for any sign that he believes the Fed is close to the peak in its interest rate cycle. |
It is difficult to see the dollar succumbing to another bout of weakness prior to year-end, especially with (US) data releases likely to remain upbeat. |
It will be interesting to see how upbeat the Fed will be on growth prospects and how U.S. asset markets will react. Pre-Fed trading means we are likely to see tight ranges today. |
Neither release is likely to be seen to change the prospects for the economy going forward, which in turn means the positive impact on the dollar will be short-lived. |
Overall, a disappointing number, but growth is set to bounce back strongly in the first quarter, with government consumption set to provide a positive contribution and consumer spending also likely to strengthen. |
Overall, he is opening the door to further rate hikes. It could also suggest that rates could go higher than currently priced in. |
Overall, this week's data releases will help to continue to paint a picture of strengthening growth in the euro zone, but will hardly point to any acceleration. |
Structural concerns ... faded into the background (during 2005) as markets have been placated by the strength of capital inflows into U.S. portfolio assets. |
Structural concerns ... faded into the background (during 2005) as markets have been placated by the strength of capital inflows into US portfolio assets. |
Structural concerns have faded into the background (during 2005) as markets have been placated by the strength of capital inflows into US portfolio assets. |
The data is positive for the euro, being one of the only data releases that the currency reacts to. |
The dollar may find some relief from the data, but this could be short-lived. |
The market fixation is back on yield again, and the yen's attraction as a funding currency will leave it vulnerable to further weakness despite ongoing strength in economic data. |