Boris Schlossberg
Boris Schlossberg
budding control desire economic fine line mandate nearly nurture pressures rates recovery region stands trying walk
The ECB is trying to walk a very fine line between its mandate to control the budding inflationary pressures in the euro-zone and its desire to nurture the nascent economic recovery in the region where the unemployment rates stands at nearly 10%.
aftermath dropped points recovered reflecting release veracity
Euro-dollar dropped about 40 points in the aftermath of the release but recovered some of the loss, reflecting the market's uncertainty about the veracity of the figures.
clearly definitely fed impact increase interest maybe message percent positive rate residual systems
The residual impact from the Fed is definitely positive for the dollar. The Fed message is clearly all systems go for 4.25 percent and maybe even 4.5 percent, which will increase the dollar's interest rate differential with other currencies.
comments interest japanese longer market policy rate remain suggest various zero
Comments from various Japanese authorities suggest that the zero interest rate policy may remain in place longer than the market anticipates.
consumer favorite gauge japanese survey time
For a long time now the Eco Watchers Survey has been our favorite gauge of Japanese consumer sentiment.
dollar fact gives shrinking
The fact that it's actually shrinking gives the dollar a short-term boost.
below closer expect far oil per prices reasonable top translate turn
As oil prices go below $60 per barrel, it should translate to yen strength. I think we are far closer to a top in dollar/yen and it is reasonable to expect a turn in the pair.
carry currency funding less preferred remains swiss
The yen remains the preferred funding currency for carry trades. The Swiss franc was the alternative and now it's become less attractive.
best clues consumer drivers future japanese offers poll taxi waiters
This 'man in the street' poll of barbers, taxi drivers and waiters offers some of the best clues to future Japanese consumer spending.
assets billion china dollar massive move reserves signal took words
Speculators took the words as a signal that China with its massive $760 billion of U.S. dollar reserves may move to diversify some of its assets into euros.
department effect extent far initially known labor less month next true until
Katrina's effect was far less destructive than initially feared. The true extent of the damage, however, may not be known until next month when the Labor Department will make adjustments to this preliminary reading,
banks central dollar driver key reserve weakness
Reserve diversification by central banks has been a key driver of dollar weakness this year.
begin data handicap interest market percent starts top weigh
If the data starts to taper off, the market will begin to handicap a 5 percent top in interest rates. That would weigh heavily on the dollar.
attract capital interest rate
The interest rate differential will be materially larger. It will attract a lot of capital into U.S. dollars.