Alex Beuzelin
Alex Beuzelin
dollar economy fueled latest market paul policy secretary sentiment strong treasury
Deteriorating market sentiment for the U.S. economy and yesterday's less-than-ringing endorsement of the strong dollar policy by Treasury Secretary Paul O'Neill fueled the dollar's latest losses,
concerned effects fed high hiking measured near oil prices rate remains supportive
The Fed remains concerned about the inflationary effects of high oil prices and that is going to keep it on a measured rate hiking path. In the near term, I think that is supportive for the U.S. currency.
catalyst declining familiar japanese latest move perception tokyo wants weaker
The familiar combination of declining fundamentals and the market's perception that Tokyo wants to see a weaker yen was the catalyst for the Japanese currency's latest move down,
certainly good time
It's certainly a good time to go to Europe.
bank fact market means news pledge takes
The fact that yen weakened on the news means the market takes the Bank of Japan's pledge seriously.
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.
belief continue fed improve relative speakers uk yields
Fed speakers have been on message, and the belief is that U.S. yields will continue to improve relative to Europe, the UK and Japan, and that will continue to underpin the dollar,
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.
continues dollar exchange foreign pessimism
U.S. dollar pessimism continues to pervade the foreign exchange market.
coming market monetary risk
The risk would have been coming out with someone the market doesn't know, or who is a monetary hawk.
currency filtering lifting market rally sharp street wall
The sharp rally on Wall Street is filtering through the currency market and lifting the U.S. dollar.
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.
assumption due holiday single trading
Lighter-than-usual trading volumes, due to the Assumption Day holiday in Europe, facilitated the single currency's gains,
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,