John Kyriakopoulos
John Kyriakopoulos
dollar economic growth investors prove remains remind reports serve
U.S. economic reports serve to remind investors that U.S. economic growth remains solid, and as long as this continues, writing the U.S. dollar off could prove a costly strategy.
dollar euro fed half okay tough year
It will be a tough first half of the year for the U.S. dollar with the Fed peaking with rates. The euro will do okay in the first half on expectations the ECB will tighten rates.
australian banks bond central dollar driven global hurt hurting interest major raising rates rise three
The Australian dollar is being hurt by the rise in global bond yields, driven by expectations all three major central banks will be raising interest rates this year. This is hurting commodities.
clearly consensus dollar next risks short upside
There are clearly upside risks around the consensus expectations for non-farm payrolls. As such, we would not be short the U.S. dollar over the next 24 hours.
dollar further last percent recovering sharp slide
We're back to 5 percent expectations and the dollar is recovering from its sharp slide of last week. The dollar has a little further to go.
cannot clearly correction data dollar downward driven fed near outlook policy term
The outlook for the Fed policy is clearly data dependent. I cannot see much downward correction to the U.S. dollar over the near term being driven by the data.
australian bank bias dollar fed mild pushing reserve shift support
The Reserve Bank may shift to a very mild tightening bias which won't be enough to support the Australian dollar while the Fed is pushing up rates.
bonds dollar life report shift supported
A report that Nippon Life may shift away from U.S. dollar bonds has also supported yen buying.
bulls concerns dollar economic growth inflation keeping monetary risks
Heightened concerns over inflation risks in the U.S. and a consequent monetary policy-induced slowdown in economic growth are keeping U.S. dollar bulls in check.
advantage declining dollar expensive higher metals north poor prices sentiment yield
Higher metals prices and poor US dollar sentiment are offsetting a declining yield advantage for the Aussie, but we still see it expensive north of $0.7500.
currency flows meet moves small
As such, currency moves are being exaggerated as small lumpy flows meet low liquidity.
commodity interest prices rate rising spread
While commodity prices have been rising Australia's interest rate spread has been narrowing.
against downside economy euro fragile increases interest looks protect rate short solid sometime support term
While a hawkish sounding ECB will protect the downside for the euro in the short term -- support looks solid back to 1.2050 -- the fragile euro-zone economy argues against any interest rate increases for sometime to come.
appeared australian carry concerns earlier interest japanese rates reverse rising supported
Perceptions that Japanese interest rates would not be rising much appeared to reverse earlier concerns about an end to carry trades, which supported the Australian dollar.