Niels Christensen
Niels Christensen
Niels Anton Christensenwas a Danish-American inventor whose principal invention was the O-ring, the ubiquitous hydraulic seal...
positive signal strong
It's a very strong signal and positive for the euro,
boost building consensus economy figure good market means move news quickly reasonable support though unwilling
Even though there was a reasonable GDP figure the market was unwilling to give the yen good support. There's a consensus building that the BOJ isn't going to move quickly and that means the good news for the economy isn't enough to boost the yen further.
assured current economic market needs rate supportive
The current rate expectations are still supportive for the dollar. But now the market needs to be assured by upcoming economic data.
limited people positions positive seeing suddenly
It is more a squaring of positions than suddenly people seeing anything positive about the dollar. Intervention has a limited and short-lived impact. It has not started an uptrend in dollar/yen.
aversion happen investors market nervous rising risk
Risk aversion is rising in the market and investors are nervous about what will happen when U.S. equities open.
affecting dollar fears higher japanese oil stocks
Higher oil prices, and fears over Japanese stocks are affecting the dollar more than any other currency.
confirmed current hikes minutes pricing rate
The minutes confirmed the current pricing of rate hikes in the market.
conclude continue data dollar early healthy moving rate supporting
It's too early to conclude it's the end of the dollar rally. Data in the U.S. should continue to be healthy and we could see rate expectations moving higher, supporting the dollar.