There is basically 100 percent pricing for a tightening in U. S. rates ....
More Quotes from Adam Myers:
Everyone is sounding positive on the dollar, so you've got to wonder where new buyers will come from in the short term. The dollar may have more gains left, but by most indicators it's looking very overstretched at the moment.Adam Myers
Because of Katrina we will have a pause in September. The aftermath of shocks is still not appreciated and oil prices are still high. The effect is that with the background of structural problems and (losing cyclical support) the dollar is in a phase where it should weaken.
Adam Myers
The risk is that eurodollar still heads lower into Wednesday first due to negative press surrounding the German election,
Adam Myers
Inflation fears are bringing uncertainty that you don't know what your return would be and you don't know which asset class to put your money in,
Adam Myers
The world is coming to a view that the Fed is going to provide more liquidity and interest rates will probably (peak) around 4 percent,
Adam Myers
We didn't see the big increase in Federal Reserve interest rates. I think that surprised a lot of the market.
Adam Myers
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