The market is getting bulled up on the China angle once again and dollaryen has followed that,
More Quotes from Jeremy Stretch:
The narrowing in the spread between two-year bunds and Treasuries is very important, as the interest-rate spread argument is one of the main arguments driving the dollar. I don't think we will have enough momentum to power aggressively against the euro by the end of the year.Jeremy Stretch
Confidence in the housing market helps consumer spending. That'll be supportive for sterling and it's not going to play too well with the shorter end of the gilt curve.
Jeremy Stretch
The fact that two ministries that are key to reforms are not in the hands of the CDU is fairly disappointing. With the risks of policy paralysis, it's another reason to stay away from the euro.
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
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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