Robert Rennie
Robert Rennie
Robert Rennie was the son of William Rennie, the founder of Rennie Seeds, a successful wholesaler and retailer of both vegetable and floral seeds. William retired in 1888, and Robert and two younger brothers John and Thomas took over management of the firm. Robert served as the firm's President until he retired in 1925, when Thomas became President...
bond dollar free good ignore market selling shown swing
I think the market has had a free swing at selling the (US) dollar and has shown to ignore a pretty good sell-off in the bond market.
banks causing central decline pace showing strain stress versus within
The yen is weakening so much versus other currencies. The pace of decline of the yen is causing stress and strain within Asia, where central banks may be showing some concern.
raises rates surprised tend year
I'd be surprised if the BOJ raises rates at all this year and that is something that will tend to see the yen underperforming.
machinery numbers orders
Machinery orders are important and the better-than-expected numbers will be yen-supportive.
likely quiet
It's pretty quiet out there and the ranges are likely to hold.
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Markets always price for the worse, then row back when it doesn't happen, ... In this case, as soon as Rita was downgraded, the dollar jumped in a relief rally. It's as simple as that.
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The further that the Fed takes fed funds and the front end of the curve, the more attractive US-dollar-denominated debt will become to Japanese retail investors.
confirmed economic economy economy-and-economics japanese solid
Today's economic index confirmed the Japanese economy is in a solid recovery. That's yen supportive.
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Whether the minutes will tell us with any great clarity what lies ahead remains to be seen but at least for the moment the market is basically pricing in two more 25 basis points hikes.