We've had a consistent fall in eurodollar so there is some hesitation in taking out new levels and there is technical support just below 1.19,
More Quotes from Johan Javeus:
There's been a lot of talk in the market that from now on we will see a return to structural fundamentals, away from interest rate arguments.Johan Javeus
The story of central banks shifting out of dollars has been a problem for the dollar. But the Fed has been aggressive and U.S. interest rates are rapidly going up. So the cost is getting high to shift out of dollars.
Johan Javeus
Much of the dollar's move is coming from uncertainty as to what is going to happen with the Fed. There is speculation the Fed can pause, or they will raise rates but release a fairly dovish statement, putting rate hikes after September in doubt,
Johan Javeus
Readers Who Like This Quotation Also Like:
Based on Keywords: eurodollarLove is cheap. You can buy it anywhere. Lives are cheap. It's money that's dear. You have to work days and sit up nights thinking how to make money.
John Dos Passos
I had read too many memoirs that were written after the writer or the director was past his or her prime.
Joe Eszterhas
Freedom does not come without a price. We may sometimes take for granted the many liberties we enjoy in America, but they have all been earned through the ultimate sacrifice paid by so many of the members of our armed forces.
Charlie Dent