Richard Franulovich
Richard Franulovich
euro fresh given higher highs punch sharp short
Net-net, given the sharp U.S. upward revisions to payrolls, for the euro to punch higher to fresh highs is nothing short of spectacular,
appetite dollar foreigners love
Foreigners love U.S. assets, ... just broad-based appetite for dollar assets.
canadian commodity demand dollars driven exports far global growth quickly turn turns zealand
It is a commodities story in so far as commodity demand is driven by global growth and currencies like the Australian, New Zealand and Canadian dollars should see their exports turn pretty quickly when global demand turns around.
boost coast data decent exports port provide suggest trade underlying volumes west
The West Coast Port data suggest underlying trade volumes will provide a decent offsetting boost to the U.S. trade picture, with...U.S. exports outperforming in December.
economy fed greenspan message represent speaking transitory
Greenspan is speaking on the economy and ... the unmistakable message from the Fed is that hurricanes only represent a transitory risk.
dollar minutes reaction virtually
The dollar reaction has been virtually nil in the minutes after the numbers.
appetite foreign less securities together weak
Stepped-up U.S. appetite for foreign securities and less foreign appetite for U.S. Treasuries have come together to make this a weak number.
aided australian definite gold strength
There's some definite independent strength in the Australian dollar, aided by gold and commodities.
basically euro far hikes interest rate square united year
In so far as this is already discounted by the interest rate futures markets, it is also priced into the euro and we're basically back to square one, where we started the year -- two more hikes here (in the United States), and two more in the euro (zone).
ahead data fairly given initial negative reaction report size
The dollar's initial reaction was fairly muted, given the size of the negative surprise, but it is ahead of the payrolls report and also because one week's data does not make a trend,
action aussie global lead month number picture price seems
For a number of years now in a big picture sense, price action in Aussie seems to lead global growth. There is something like a 12 - 18 month lag.
concerns dollar improve sentiment structural
This should improve dollar sentiment ... as it alleviates a lot of the structural concerns about the dollar.
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We're oil traders now because currencies are trading so closely off oil. All the risk now is that the hurricane does not have all the negative effects for the U.S. economy.