This adds to the impression that Asian central banks are going to be prepared to raise interest rates, and ultimately allow more strength in their currencies.
More Quotes from Ian Stannard:
Expectations in the bond market have been high, thus any disappointment over the auction (particularly with the level of foreign participation) could put the dollar under renewed pressure.Ian Stannard
The sentiment is turning dollar negative -- probably the biggest factor putting the dollar under pressure is the rise in oil prices and rise in gold prices.
Ian Stannard
The outlook for interest rates is still positive. Canada's economy is still moving ahead, keeping expectations of higher rates alive.
Ian Stannard
There is quite a lot of news coming out of Japan, which I think is putting the yen under some weakness.
Ian Stannard
I believe the German election result is the worst outcome possible for the euro. Not only is there no clear winner, it will be difficult for either side to form a coalition and there seems to be hostility to the idea of a grand coalition,
Ian Stannard
Failure to meet market expectations here will reinforce the market perception that the peak in US rates is clear, putting the dollar under renewed pressure.
Ian Stannard
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