Jens Nordvig
Jens Nordvig
Jens Nordvigis a Danish-born economist specializing in foreign exchange markets and macroeconomic policy. He is the founder of Exante Data...
NationalityDanish
ProfessionEconomist
Date of Birth19 April 1974
CountryDenmark
appetite bit circumstance dollar expect fact indicate normal people quite seeing seems
Under normal circumstances with this kind of figure, you would expect to see significant dollar weakening. The fact that you're not seeing that seems to indicate that people have quite a bit of appetite to take on long dollar positions.
dollar number watch weak whether
The thing to watch now, once the 15 minutes' 'noise' after the number is out of the way, is whether there will be a resumption of the weak dollar trend.
china degree people pricing
People were pricing in some kind of China revaluation and we had one, but it was very small. So there was disappointment with the degree of the China move.
aversion environment market normal
When you have risk aversion in Japan, the normal day-to-day outflows that happen in a normal market environment slow down.
brazil chile entry good mexico trend
This trend where the Chilean peso has weakened with Brazil and Mexico doesn't really have anything to do with Chile at all. We think it's a very good entry point.
change dollar external flow focus judge key market perspective signs structural vulnerable
We also judge that the dollar is vulnerable from a structural perspective. External imbalances in the U.S. are not a key market focus at the moment, but this could change on signs of weakening flow support.
data fed growth rate require strong support
Data like this support the idea that not everything in the U.S. is strong. The Fed will require strong growth rate to keep going with rates.
fed since situation time
It's a very long time since we've had so much uncertainty about a Fed meeting. That's what's making the situation so volatile.
bank economic great growth last provide reason risk time
They are going to tighten one last time in April. Risk on the economic growth is on the downside. This doesn't provide great reason for the bank to go further.
hit later looking three
We are looking for 110 yen in three months, and we could well hit 100 yen later this year.
asian likely
You're likely to see Asian currencies participate even more.
bank bit continue currency interest japanese market price rates taking
Japanese interest rates continue to price in tightening from the Bank of Japan. We think it's a bit premature, but the currency market is taking notice.
dollar fed people starting
People are starting to reassess Fed expectations and that's triggered the dollar move.
almost center european forces impossible incredibly italy obtain politics pull towards
Historically, the pull towards the center in European politics has been incredibly powerful. From Italy to Germany, it has been almost impossible for non-centrist forces to obtain real influence.