Boris Schlossberg
Boris Schlossberg
dollar fact gives shrinking
The fact that it's actually shrinking gives the dollar a short-term boost.
department effect extent far initially known labor less month next true until
Katrina's effect was far less destructive than initially feared. The true extent of the damage, however, may not be known until next month when the Labor Department will make adjustments to this preliminary reading,
choking demand economic highest predicting rates recession short term
The country's 7.25% short term rates - the highest in the industrialized world - are choking economic demand with many analysts now predicting the possibility of a recession in 2006.
begun believe close coming interest market rate zero
The market has really begun to believe that we are coming to the close of the zero interest rate policy.
below closer expect far oil per prices reasonable top translate turn
As oil prices go below $60 per barrel, it should translate to yen strength. I think we are far closer to a top in dollar/yen and it is reasonable to expect a turn in the pair.