His speech was hawkish in the sense that there would be more interest rate increases. But again, there's something for everybody in his speech, including dollar bears.
More Quotes from Shaun Osborne:
The yen is still soft across the board and I think interest rate differentials are still the driver there.Shaun Osborne
It was under pressure earlier on drifting commodities prices, particularly natural gas. Some soft numbers from the purchasing managers index helped give it a bit of a shove lower.
Shaun Osborne
The markets cast a bit of doubt about how much the central bank will go in this rate-hike cycle.
Shaun Osborne
(It was) the focus for currencies and interest rate futures. The dollar is looking quite vulnerable.
Shaun Osborne
Our clients remained pretty active hedging last year. Since they had so many hedge contracts in place, their credit lines were full, and they wanted to do more but couldn't.
Shaun Osborne
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