At the same time we had Greenspan reinforcing that the U.S. growth backdrop and rate outlook are positive for the dollar.
More Quotes from Jeremy Stretch:
We're still going to get Japanese rates at zero for some time yet. The Fed continues to underpin the view that more rate hikes are highly probable, and yield premiums favor the dollar in the short term.Jeremy Stretch
The euro is trying to grind higher but it's still in a range. The tone of a post-decision press conference will be important.
Jeremy Stretch
They are situated in Europe, but the majority of their business is in dollars,
Jeremy Stretch
It's a positive background for the yen, and investors are coming back in after a large move yesterday. The economic recovery looks pretty durable and we'll be seeing the end of deflation soon.
Jeremy Stretch
We've seen a very good run in the dollar but it's been the case in the past few weeks that it hasn't been able to make much momentum on the back of what's been pretty good economic data,
Jeremy Stretch
MA activity is likely to prove supportive for sterling and with recent economic data suggesting there is no risk of lower rates any time soon, I think the backdrop remains fairly constructive.
Jeremy Stretch
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