Paul Chertkow
Paul Chertkow
dollar good opportunity pickup quite seems yield
We have a good opportunity for the dollar to do better than it seems for some time. The pickup in yield is quite wide.
adjusted basis consumer fell percent prices reinforced report
The speculation was reinforced by the report (Wednesday) that consumer prices in the US fell by 0.1 percent on a seasonally adjusted basis in December.
activity afford beyond doubt economic euro raise rate scope zone
We doubt that economic activity in the euro zone will afford the ECB scope to raise the refinancing rate beyond 2.50 percent.
changes deflation head japan likely longer monetary policy scope term
Deflation is very entrenched in Japan and even over the longer term the scope for changes in monetary policy is very limited. The yen is likely to head lower.
advantage believe continue economy given higher investors japanese path prospect remain united yields
Given the prospect that the Japanese economy will remain on a path of expansion, we believe that Japanese investors will continue to take advantage of higher yields abroad, particularly in the United States.
both euro foreign public purchases remain securities wide zone
Interest-rate differentials between the U.S. and the euro zone will remain at least as wide as at present, fueling purchases of U.S. securities by foreign investors, both public and private.