Tim Mazanec
Tim Mazanec
difference dollar helping horizons interest investment
Interest-rate differentials are what are helping the dollar right now. The difference between U.S. and other investment horizons has widened of late.
fed june meetings next
Come the Fed meetings around April, May, June next year, this may have an impact.
benefit consumers euro michigan piece retail strongest survey weakness win
Consumers have been the strongest piece of this economy, so if we see some weakness in retail sales, and the Michigan survey should be off on Friday, we should see the euro win the benefit of the doubt,
fed focused potential rather sooner
The market's focused on the potential for the Fed to pause. That could be sooner rather than later.
aggressive dollar fed gains lead remain
The dollar should remain firm. The ECB may not be as aggressive as the Fed and that should lead to dollar gains in 2006.
buying data dollar euro interest strength
The dollar reacted to data strength initially, but for the euro there is buying interest around $1.2230.
across aggressive board dollar indication initially release weaker
The dollar is weaker initially across the board after the release of the minutes. On your first read through you get the indication they may not be as aggressive as some had been predicting.
across came dollar expected gains prices report starting stronger
The dollar is starting to show some gains as the report came in stronger than expected across the board; new orders, employment, prices paid.
costs fed increasing initially labor pause sooner unit
If unit labor costs are not increasing as much as we initially expected, that would get the Fed to pause (rate hikes) sooner than expected.
trend
It's a continuation of the trend we've seen.
backed dollar expected fact hikes inflation means rate strength supported
That really backed up the fact that strength is still expected in the economy, which means more rate hikes to keep inflation at bay, so that has supported the dollar this afternoon.
against definitely dollar further swimming trying twin
The dollar is definitely swimming against the tide, trying to make further gains against the twin deficits.