Gavin Friend
Gavin Friend
expecting help increases next rate
We're expecting just two rate increases by the end of next year. That's not enough to help the euro.
area data resistance risk test today trading weaker
There is a risk today (Thursday) of euro/dollar trading weaker and of a test of the resistance area around 1.2200/1.2170 dollars, particularly if the US data is better than expected.
forecasts further growth hikes inflation line opportunity raising rate remains window
The hike... was in line with expectations, but by raising inflation and growth forecasts for 2006/2007, the window of opportunity for further rate hikes remains open.