Derek Halpenny
Derek Halpenny
buying interest obvious rate
There is no more obvious way to play interest rate differentials than buying dollar/yen.
conclusion fed figures impact katrina looking market move near net next term therefore weak
The market has already come to the conclusion that the medium-term impact of Katrina will be negligible if not net positive, therefore weak figures in the near term won't have any bearing. The market is now looking for a Fed move next week.
gasoline negative oil prices rising
Rising oil and gasoline prices are negative for the dollar.
banking crisis few last realistic time view
A banking crisis is a more realistic view than at any time in the last few years.
continuity dollar interest means number objective rate stress
His number one objective will be to stress continuity. Continuity means more interest rate increases, so that means the dollar can keep going up.