Steve Pearson
Steve Pearson
backdrop dollar impact knocked pause survey weaker
The impact of the weaker ISM survey has knocked the dollar lower. The backdrop for the dollar is that it's just consolidating around here. It's a pause for now.
defying dollar eventually external fear growth improved lead trade
The story of 2005 was the dollar defying an overwhelmingly bearish consensus. The dollar has little to fear from a slowdown in U.S. consumption growth as this will eventually lead to an improved external trade position.