Mitul Kotecha
Mitul Kotecha
comments currently dollar market mood playing sentiment short
The mood on the dollar is currently negative, the comments are playing into it. The market is short dollar and sentiment is weakening.
bullish due fears higher inflation interest largely market momentum strong turned
The momentum is pretty strong -- the market has turned bullish and this is largely due to their inflation fears and on expectations of higher U.S. interest rates,
currently door further higher opening rate rates suggest
Overall, he is opening the door to further rate hikes. It could also suggest that rates could go higher than currently priced in.
dollar relief
The dollar may find some relief from the data, but this could be short-lived.
attraction currency despite economic funding further leave market ongoing strength vulnerable weakness yield
The market fixation is back on yield again, and the yen's attraction as a funding currency will leave it vulnerable to further weakness despite ongoing strength in economic data.