Jeremy Stretch
Jeremy Stretch
case dollar economic few good momentum past run seen weeks
We've seen a very good run in the dollar but it's been the case in the past few weeks that it hasn't been able to make much momentum on the back of what's been pretty good economic data,
forced lower
Ultimately, the ECB will lower rates. I don't think they wanted to be forced into doing it.
against course poor pound pressure rate run seen spread toward
We've seen the rate spread narrowing over the course of 2005, and sterling has had a poor run against the dollar. The pound could come under pressure toward the end of the first half.
continues dollar favor fed highly hikes japanese rates short time view yield zero
We're still going to get Japanese rates at zero for some time yet. The Fed continues to underpin the view that more rate hikes are highly probable, and yield premiums favor the dollar in the short term.
backdrop greenspan growth outlook positive rate time
At the same time we had Greenspan reinforcing that the U.S. growth backdrop and rate outlook are positive for the dollar.
forced lower
Ultimately, the ECB will lower rates, ... I don't think they wanted to be forced into doing it.