Michael Jansen
Michael Jansen
Michael Jansenis a Dutch footballer who currently plays for SV Spakenburg...
continues digest dollar half largely last market
The dollar is largely consolidating after being pummeled the last day and a half and as the market continues to digest the FOMC statement.
bank buy canadian currency dollar hike hurt looking number people rate trade weaker
The currency has been hurt by a weaker trade number and speculation of one more rate hike by the Bank of Canada. People are not looking to buy the Canadian dollar right now.
although dollar fed further impact key overall playing point policy seem
The key point is that the Fed has reiterated that further policy firming may be needed, although they do seem to be playing down some of the risks. The overall impact on the dollar is broadly neutral.
buy dollar half hour initial quite reaction statement
The initial reaction has been to buy dollars, but we've just come back to where we were half an hour before the statement where the dollar was quite weak.