The currency and rate futures markets are pricing in a rate hike by year-end and two by the middle of next year and this is why the euro has strengthened, especially against the yen,
More Quotes from Greg Gibbs:
The yen has been a definite influence on Asian currencies. Korea definitely has one eye on the yen. I suspect Korea would hope the yen would move more than the won.Greg Gibbs
This number is quite a shock. This is a short-term negative for the currency and I'm surprised it hasn't fallen further.
Greg Gibbs
The RBNZ has been talking the currency down for over a year and certainly won't discourage further falls. A negative trend in the currency has taken hold and the presumption that the economy will struggle this year, without a much lower currency, will kee
Greg Gibbs
Rate speculation this week has built up a head of steam. This will support the Australian dollar.
Greg Gibbs
The hopes were not high for a clear winner based on polls last week, but the poor showing of the CDU suggests the German people were against further pro-business reforms.
Greg Gibbs
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