Alex Beuzelin
Alex Beuzelin
bank combined credit fears japan ongoing possible rating renewed rumors weighed
Ongoing fears of possible Bank of Japan intervention combined with renewed rumors of a possible downgrade of Japan's credit rating also weighed on the yen.
currency filtering lifting market rally sharp street wall
The sharp rally on Wall Street is filtering through the currency market and lifting the U.S. dollar.
coming market monetary risk
The risk would have been coming out with someone the market doesn't know, or who is a monetary hawk.
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,
talked walk
They talked the talk, now they have to walk the walk.
vastly
They are still vastly under-performing the U.S. economy,
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.
aggressive conviction dollar market today trade
There isn't too much conviction in the market today to trade the dollar in an aggressive fashion.
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,
aggressive appears assessment caution economic extended gains government japanese lull reason recent traders
The pre-FOMC caution and lull in the marketplace appears to give traders little reason to put on aggressive positions, ... The Japanese yen extended its recent gains as the Mori government upgraded its assessment of economic conditions.
aggressive brings fed notion question raising rates terms
But I do think it brings into question the notion of how aggressive the Fed is going to need to be in terms of raising rates in 2006.
economy growth remains solid view
It reaffirms the view that the U.S. economy remains on a solid growth track.
certainly good time
It's certainly a good time to go to Europe.
bank central dollar economic european extend likelihood mixed officials paved regard signals strong
A combination of strong U.S. economic fundamentals and mixed signals from European Central Bank officials with regard to the likelihood of intervention, paved the way for the dollar to extend this week's rally.