The market will not be confident in attacking the dollar until there is a much greater degree of confidence in calling the peak on Fed funds.
More Quotes from Ian Gunner:
There's a general upside bias for the dollar right across the board, but that inclination is tempered a little when you come up against big events like the trade data.Ian Gunner
It's the first key Fed speech since the scale of the devastation became apparent so that could be quite important if he is used as a vehicle to express Fed policy.
Ian Gunner
I think there's a whole wealth of information suggesting that things are on the mend... I don't think this is really going to disturb market consensus that the German economy will continue throughout the course of this year.
Ian Gunner
I don't think it changes anything too much, in terms of what he might do at the next meeting -- it's unclear but he's very much in the minority.
Ian Gunner
If people are looking for excuses as to why the European Central Bank may feel their hands are a little tied in the short-term (on rates) they could use this, but I think there's a whole wealth of information suggesting that things are on the mend.
Ian Gunner
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