Alex Beuzelin
Alex Beuzelin
federal headline interest raising rates reserve surprise track upside
That was an upside surprise in the headline PPI index. That's going to keep the Federal Reserve on track in raising interest rates at an incremental pace,
currency financial markets nervous rest stock
This morning, the currency markets were just as nervous as the rest of the financial markets. As the stock market stabilized, so did the U.S. currency.
across adhere against although bit board continues dollar lower major recent
Although a bit lower across the board this morning, the U.S. dollar continues to adhere to its recent ranges against the world's major currencies.
appears economy slower
It appears that the slowdown in the U.S economy was slower than anticipated,
dollar economy fueled latest market paul policy secretary sentiment strong treasury
Deteriorating market sentiment for the U.S. economy and yesterday's less-than-ringing endorsement of the strong dollar policy by Treasury Secretary Paul O'Neill fueled the dollar's latest losses,
change economy fed good impact insight provide view
At the end of the day, this is not going to change the view that the U.S. economy is in good shape. Not going to provide any much insight as to how much the Fed has to go. So it hasn't had much of an impact on the dollar.
becoming denmark euro gradually join likely lower monetary
The euro gradually grinded lower as it's becoming increasingly likely that Denmark will opt not to join the EMU (European Monetary Union),
certainly good time
It's certainly a good time to go to Europe.
belief continue fed improve relative speakers uk yields
Fed speakers have been on message, and the belief is that U.S. yields will continue to improve relative to Europe, the UK and Japan, and that will continue to underpin the dollar,
concerned effects fed high hiking measured near oil prices rate remains supportive
The Fed remains concerned about the inflationary effects of high oil prices and that is going to keep it on a measured rate hiking path. In the near term, I think that is supportive for the U.S. currency.
creation job labor pace shows slack
Undoubtedly it's a dollar-negative report. This pace of job creation shows there is still slack in the labor markets.
again direction dollar economic key lack linked volatility wall
With a lack of any key economic news, once again the direction of the dollar is linked to the volatility on Wall Street.
continues dollar exchange foreign pessimism
U.S. dollar pessimism continues to pervade the foreign exchange market.
ahead amount event finance marking meeting ministers risk temper tending time traders
Traders are marking time ahead of the G7 finance ministers meeting on Friday. I think there is still a significant amount of event risk and that is tending to temper the dollar's movement,