Jeremy Stretch
Jeremy Stretch
bottom cycle economic euro export improving last level light modest seeing suggest tail terms tunnel
We probably are at the bottom of the economic cycle and that would suggest that there is some modest light at the end of the tunnel particularly in terms of an improving export backdrop, ... The euro is at a much more competitive level than we were seeing at the tail end of last year.
crossover fed hike inevitably market pressure
The Fed is going to hike more than the market is anticipating. A crossover would inevitably put more pressure on the pound.
again angle china followed market
The market is getting bulled up on the China angle once again and dollar/yen has followed that,
again ahead dollar economy fact fed firmly focused further keeps market widening yield
The U.S. economy is still powering ahead and that keeps the market firmly focused on the fact that the Fed has further to go. With yield spreads widening out again the dollar can keep rallying.
against continuing economy fed grow maintained plenty raising strongly
The U.S economy is continuing to grow strongly and so there's plenty of justification for the Fed to keep raising rates. The dollar's pre-eminence is going to be maintained against the yen and the euro.
clearly happy japanese level officials quite
The Japanese are clearly pretty happy with the level of the yen. There's quite a long way for the yen to go before officials will become concerned.
bit capacity extra logistics pressure problem releasing serious south supply
It's all very well releasing a little bit of extra oil, but the other problem is logistics with refining. Refining capacity is under serious pressure in the South of the U.S., and extra supply isn't going to alleviate the refinery shortage.