James McCormick
James McCormick
attractive balances beginning countries developing external growing growth past relative sentiment shift six strong supports trend
The shift in growth sentiment supports a trend that has been developing over the past six months: namely, countries with strong external balances are beginning to look more attractive relative to countries with growing external deficits.
bank canada canadian continued declines further point policy risks
Risks point to further declines in the Canadian dollar. The Bank of Canada has continued to soften its policy statement.
action amount outright talk tough
We still think the tough talk from the ECB will not amount to outright action.
case economic growth reasonably strong
There is a reasonably strong case for economic growth in Europe.