Tim Fox
Tim Fox
comments cut dollar fairly fed market next pause prepared year
The market will take Olson's comments as fairly dollar supportive. The Fed may have to be prepared to pause or even cut next year though.
asked
All they've asked is for us to give a response,
becoming betting chances confident dollar europe gains given interest people seen struggle sustain turn
The dollar is going to struggle to sustain the gains we've seen given the chances that there's a turn in interest rates. People are becoming more confident in betting on Europe and Japan.
advantage driven exchange foreign intact markets rates rising yield
The dollar, and foreign exchange markets in general, have been driven by rates and yield this year. As we go into 2006, we see a lot of that yield advantage intact and U.S. rates rising more.
actual buying convinced difficult dollar growth outlook people rate short term until
It's difficult to see the dollar weakening in the short term because the growth outlook for the U.S. is very favorable. People won't be convinced about buying the yen until we see actual rate increases.
guest host knows sure tie
It's important to know who's in, ... We need to make sure we can tie a guest to a host, and that the host knows they are responsible for their behavior.
business data further optimism retail shows survey
Survey data shows a further deterioration in business optimism and retail demand.
decision either negative
I don't think a decision either way would have been negative for the pound.
again challenge levels looking lows markets people tempted year
Markets are looking again to challenge the lows of the year in euro/dollar, which were approached yesterday. People are tempted to look at those levels again.
against certain dollar european growth less means peak seen
European growth is still a lot less than U.S., ... It's by no means certain that we've seen the peak in the dollar against the euro yet.
against bank bit comments dollar extent imply japanese last officials policy pressure previous seem standing treasury wishes
Last week, there were comments from other Japanese officials which seem to imply that the Bank of Japan was standing back to some extent from the previous policy of intervening. And it wouldn't be completely against the wishes of the U.S. Treasury if the dollar were to weaken a little bit further. It would actually keep the pressure on Japan to reform.