Tim Mazanec
Tim Mazanec
ahead claims helped looking next tomorrow week
Jobless claims helped (the U.S. dollar), but we're looking ahead to tomorrow and next week at this point.
trend
It's a continuation of the trend we've seen.
comments data fed indicative stronger suggest though wait
Even though the data has been inflationary and indicative of a stronger economy, comments from the Fed suggest they're going to wait and see.
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.
came higher hikes price rate
The price index came in higher and that kind of confirms expectations for at least two more rate hikes from the Fed.
banks central continued dollar fed move outweigh rate reasons whereas
There are continued expectations of more Fed rate increases, whereas with other central banks we may only see a one- off move here and there. The reasons to be in the dollar outweigh any other currency.
cause consistent fed help higher hikes inflation rate risk somewhat view worried yields
We are getting a consistent view from the Fed now that they are somewhat worried about the risk of a higher inflation rate. That is going to cause more rate hikes to come and higher yields will help the dollar.
although factory market orders report slightly spot
The factory orders report was very slightly better than expected, although after revisions it was pretty much spot on what the market was expecting.