Monetary policy expectations were the driving forces on the FX (foreign exchange) markets in most of 2005 and while we expect structural problems to come back to haunt the dollar in 2006 we expect monetary policy expectations to lend support to the greenback early in the year. |
Monetary policy expectations were the driving forces on the FX markets in most of 2005 and while we expect structural problems to come back to haunt the dollar in 2006 we expect monetary policy expectations to lend support to the greenback early in the year. |
No one can find a good reason to buy the euro at the moment, ... The only thing that could turn the tide is intervention, possibly accompanied by soft U.S. data. |
No one can find a good reason to buy the euro at the moment. The only thing that could turn the tide is intervention, possibly accompanied by soft U.S. data. |
People already have a more positive view of the European economy, so they are not that fussed. The market is a bit tired after all the dollar selling this week. |
People are reassessing the U.S. economic outlook because they had thought the recovery was jobless. People are beginning to price in the chance of a rate hike by August. |
People are saying the report suggests that rates won't rise rapidly, and that's not positive for the yen. |
Risk aversion is rising in the market and investors are nervous about what will happen when U.S. equities open. |
Risk aversion is rising in the market. |
Sentiment against the dollar is deep-rooted. Every time we have a pullback in euro/dollar new buyers emerge. |
The bottom line is that the door is more open for a rate hike and the market is convinced we will have another rate hike. |
The current rate expectations are still supportive for the dollar. But now the market needs to be assured by upcoming economic data. |
The impact on the euro from last week's rate hike is evaporating ... There's nothing to intensify rate hike expectations in the euro zone. |
The market will be watching the consumer prices report, as the minutes have made it clear the Fed is watching inflation. The economic data has been strong and supportive for the dollar. |
The minutes confirmed the current pricing of rate hikes in the market. |