Armin Mekelburg
Armin Mekelburg
cyclical dollar early factors figures housing keen last market stress strong structural switching
The dollar's cyclical factors are waning but they haven't banished totally. The market is keen on switching to structural dollar stress factors but it's too early -- we also had strong housing figures from the U.S. last week.
dollar fantasy fed impression market past people percent rate weakness
There's been dollar weakness as people have scaled back rate expectations. The market has got the impression that the fantasy the Fed would go past 5 percent was exaggerated.
economy expect improved japanese
The Japanese economy has improved and we expect this to continue.