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.
ahead current data fed further given language march near rate seems shift strength term unlikely
A further significant upward shift in rate expectations seems unlikely in the near term given the current Fed language and the uncertainty about the strength of the data ahead of the March meeting.
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.
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.
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.
bad break countries currency economy encourage eurozone eventually follow move therefore wondered
Many have wondered if Greece's economy would get so bad that it would eventually break away from the Eurozone - a move that could encourage other countries to follow and therefore splinter the currency union.
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.
hit later looking three
We are looking for 110 yen in three months, and we could well hit 100 yen later this year.
chances dollar gain happened percent quarters since
If you just analyze, historically, the chances of getting two quarters of more than a 5 percent gain in the dollar index, it has happened only two times since the '70s, so it's very rare.
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.
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.