Jeremy Stretch
Jeremy Stretch
backdrop greenspan growth outlook positive rate time
At the same time we had Greenspan reinforcing that the U.S. growth backdrop and rate outlook are positive for the dollar.
crossover fed hike inevitably market pressure
The Fed is going to hike more than the market is anticipating. A crossover would inevitably put more pressure on the pound.
dollar early euro fall interest start suggesting
Interest rates, I think, will start to fall in the U.S. in 1999, suggesting that the Euro will outperform the dollar in the early stages.
conference euro grind higher press tone trying
The euro is trying to grind higher but it's still in a range. The tone of a post-decision press conference will be important.
clearly happy japanese level officials quite
The Japanese are clearly pretty happy with the level of the yen. There's quite a long way for the yen to go before officials will become concerned.
again angle china followed market
The market is getting bulled up on the China angle once again and dollar/yen has followed that,
ambitious cautious consumer costs energy expecting fact future growth impact led market mentioned spending statement
The market got ambitious in what they were expecting from the Fed. The fact that the statement mentioned energy costs having some impact on consumer spending led some to be a bit cautious on the future growth outlook.