Alex Beuzelin
Alex Beuzelin
coming market monetary risk
The risk would have been coming out with someone the market doesn't know, or who is a monetary hawk.
becoming denmark euro gradually join likely lower monetary
The euro gradually grinded lower as it's becoming increasingly likely that Denmark will opt not to join the EMU (European Monetary Union),
continues dollar exchange foreign pessimism
U.S. dollar pessimism continues to pervade the foreign exchange market.
change economy fed good impact insight provide view
At the end of the day, this is not going to change the view that the U.S. economy is in good shape. Not going to provide any much insight as to how much the Fed has to go. So it hasn't had much of an impact on the dollar.
creation job labor pace shows slack
Undoubtedly it's a dollar-negative report. This pace of job creation shows there is still slack in the labor markets.
against appear content current dollar fresh major news terms traders within
With little in terms of fresh news or developments overnight, traders appear content to trade the U.S. dollar within its current ranges against the world's major currencies.
again direction dollar economic key lack linked volatility wall
With a lack of any key economic news, once again the direction of the dollar is linked to the volatility on Wall Street.
bank combined credit fears japan ongoing possible rating renewed rumors weighed
Ongoing fears of possible Bank of Japan intervention combined with renewed rumors of a possible downgrade of Japan's credit rating also weighed on the yen.
concern expression green light resume since traders
Since there was no expression of concern at the yen's strength, traders interpreted this as a green light to resume their yen buying,
assumption due holiday single trading
Lighter-than-usual trading volumes, due to the Assumption Day holiday in Europe, facilitated the single currency's gains,
appeal enhances interest pound rate relative
It enhances the dollar's interest rate appeal relative to the euro, pound and yen,
federal headline interest raising rates reserve surprise track upside
That was an upside surprise in the headline PPI index. That's going to keep the Federal Reserve on track in raising interest rates at an incremental pace,
appears economy slower
It appears that the slowdown in the U.S economy was slower than anticipated,
assessment campaign measured optimistic signals
It confirms the Fed's optimistic assessment of the U.S. economy, and essentially signals that the Fed's measured (monetary policy) tightening campaign will persist,