Dollaryen is slightly higher, perhaps as a consequence of that, with some of the comments sounding a little bit more hopeful in the sense of them not pushing on the anti-China trade legislation that they've brought to Congress. But we'll have to see what happens when they get back (to the U.S.).
More Quotes from Steve Barrow:
They have talked in slightly more dovish terms about a rate hike recently, and growth data have slackened off.Steve Barrow
The euro will strengthen against the dollar and should hit parity some time in the summer, ... The euro zone is experiencing robust growth, but globally the markets seem to like the dollar at the moment.
Steve Barrow
Fed speakers are saying they are going to be vigilant on inflation and if the data suggests they haven't done enough, they will do more. It's a short-term buying opportunity for the dollar.
Steve Barrow
However, it is not all bad news as the slide was largely driven by a strong 27.3 rise in imports. While this reflects oil prices, to some extent, underlying imports are rising, which bodes well for the economy.
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With the FOMC meeting tomorrow the market is hardly going to care too much for the U.S. data today.
Steve Barrow
The Fed has been on 'autopilot' with its monetary tightening so that even bouts of weaker data, such as we saw after hurricane Katrina, failed to divert the Fed off course. But now, following the minutes of the December meeting, it is clear that policy will become more data dependent.
Steve Barrow
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Based on Topics: Congress Quotes, Government Quotes, Sense & Perception QuotesBased on Keywords: anti-china, dollaryen
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