Comments from various Japanese authorities suggest that the zero interest rate policy may remain in place longer than the market anticipates.
More Quotes from Boris Schlossberg:
The ECB is trying to walk a very fine line between its mandate to control the budding inflationary pressures in the euro-zone and its desire to nurture the nascent economic recovery in the region where the unemployment rates stands at nearly 10.Boris Schlossberg
The IFO survey hit a 14-year high... receding oil prices and an exchange rate that has stayed below the 1.20 figure for most of the month has buoyed business confidence in the region and bodes well for future prospects of growth in Q1. The news also helps to buttress the expected European Central Bank decision to raise rates to 2.5 at the upcoming March 8 meeting.
Boris Schlossberg
The residual impact from the Fed is definitely positive for the dollar. The Fed message is clearly all systems go for 4.25 percent and maybe even 4.5 percent, which will increase the dollar's interest rate differential with other currencies.
Boris Schlossberg
If the data starts to taper off, the market will begin to handicap a 5 percent top in interest rates. That would weigh heavily on the dollar.
Boris Schlossberg
Focus will soon turn to Monday's TICs report on foreign capital flows which could show the third consecutive month of foreign capital flows failing to offset the trade deficit gap.
Boris Schlossberg
This 'man in the street' poll of barbers, taxi drivers and waiters offers some of the best clues to future Japanese consumer spending.
Boris Schlossberg
Readers Who Like This Quotation Also Like:
Based on Topics: Place QuotesI'd like to have no rules and eat what I want, but I've learned over the years that I'm so disappointed when I can't wear the clothes I want to wear.
Gwen Stefani
I wish I had a funny story.
Leslie Easterbrook
We must stifle the voice of hatred and faction.
Bainbridge Colby