Tony Norfield
Tony Norfield
bank central currency develop involved market step
It's an incremental step to develop its foreign-exchange market and make its currency more transparent. The central bank has been heavily involved in the market and will probably still intervene.
comments damaged euro german year
All year the euro has been damaged by comments emanating from German politicians,
economic economy likely means numbers rate rather showing support
The U.S. economy is still doing fine, and the economic numbers are showing that. That means there's likely to be another two more rate increases, rather than just one, and that's going to support the dollar.
assets dollars europe moving negative start unlikely yield
This is unlikely to be a significant negative for the dollar. They're unlikely to start moving heavily out of dollars as U.S. assets still yield more than in Europe or other countries.
factors point
All the factors point to an upturn from here,
dollar economy euro fall last limited looking potential rates saw support year zone
The potential for the euro to fall is pretty limited from here. The dollar is not going to get the same support we saw last year from rates now, and the euro zone economy is looking more solid.