Niels Christensen
Niels Christensen
Niels Anton Christensenwas a Danish-American inventor whose principal invention was the O-ring, the ubiquitous hydraulic seal...
comforting data dollar euro hold next number onto positions states united united-states weak week zone
We have had disappointing data in the United States this week and in the euro zone we have had comforting news. If we get a weak GDP number no one would want to hold onto long dollar positions next week.
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Japanese officials make statements like that when we see very rapid movements in the foreign exchange markets because they are concerned such moves can build into stronger trends.
euro hike impact last rate
The impact on the euro from last week's rate hike is evaporating ... There's nothing to intensify rate hike expectations in the euro zone.
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The market will be watching the consumer prices report, as the minutes have made it clear the Fed is watching inflation. The economic data has been strong and supportive for the dollar.
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The current rate expectations are still supportive for the dollar. But now the market needs to be assured by upcoming economic data.