Michael Woolfolk
Michael Woolfolk
against appears conditions dollar ideal lows movements prices push spot supported testing
These are ideal conditions for speculators to push spot prices around. The dollar appears to be testing new lows against the yen. The price movements are not supported by fundamentals.
above argue conditions dollar federal funds growth later rate strong target tight viewed
Strong growth and tight labor-market conditions argue for preemptive tightening that could very well take the federal funds target rate above 5% later this year. This is viewed as a dollar positive.