Daragh Maher
Daragh Maher
business concerns confidence driven euro external keeps revival zone
There are concerns that the revival in euro zone business confidence has been driven by the external sector, which could be undermined if the euro keeps on rising.
euro finance france higher ministers pressure push raise reluctance riots zone
There is a reluctance to push the euro/dollar higher because of riots in France and pressure from euro zone finance ministers not to raise rates.
clear happen none questions raised vote
It's not clear what will happen to Europe. A lot of questions have been raised by this vote and none of this is immediately positive.
creeps favor interest market rates structural time
Structural nervousness creeps into the market from time to time but interest rates still favor the dollar.
aspect data failed generally impetus market provide reaction released strong surprises today upside
The interesting aspect of the market reaction to the generally strong data released today is that the upside surprises have failed to provide any upward impetus to the dollar.
chance december greater language market promising rate seize
The language from the ECB suggests they are not promising to do anything but they are not promising not to do anything either. The market will seize on anything that suggests a greater chance of a December rate hike.
euro generally holding improving inflation percent zone
We will probably see inflation holding around 2.4 percent and it is still benign. Things are generally improving in the euro zone and I don't think this story will be derailed by the PMI.
boost china yuan
The yen also got a boost from the China story because the yen is a yuan proxy.
cynicism degree deliver economic people terms unsure
There's a justifiable degree of cynicism about the new coalition. People are unsure about what it will deliver in terms of economic reforms.
bit days dollar few good last maybe numbers people period reasonably seems
The sense over the last few days seems to be that the dollar is reasonably well supported. We have had reasonably good numbers out of U.S. for a considerable period and the dollar did not rally, so maybe people are having a bit of a rethink.
decide interest meets month next output prices rise
The rise in output prices ... will not ruffle the doves unduly when the MPC meets next month to decide on interest rates.
committee decide interest meets monetary month next output policy prices rise
The rise in output prices ... will not ruffle the doves unduly when the Monetary Policy Committee meets next month to decide on interest rates.
action euro interest market move next problem protecting rates rhetoric talk tougher
The more hawkish rhetoric we've had from the ECB and talk of the next move in interest rates being up is protecting the euro a little. The problem the market has is that it's tougher talk, but action is still some way away.
consumer mean performance revival
One month's out performance does not mean the long-awaited consumer revival has arrived.