It erodes the relative interest-rate support for the dollar.
More Quotes from Lara Rhame:
We're definitely going to have a strong recovery, but it's not going to be as robust as people think. It's going to be the second quarter before we get any kind of positive gross domestic product growth.Lara Rhame
Whether you're going into business for yourself or not, you're still looking at a very anemic job market.
Lara Rhame
The global perception is the U.S. has the most to lose if there's a war in Iraq. That's made the rest of the world averse to U.S. assets. Foreign investors are looking home again.
Lara Rhame
Everybody has to learn a little more economics than they want to learn, now that we're drawing more and more of a distinction between actual GDP and final domestic demand, which is GDP minus inventories, ... Inventories can surprise. It's hard to make a solid forecast about them, and the Fed said that. I think the market continues to overestimate Fed rate cuts.
Lara Rhame
What I call a dollar crisis is when you have a big, negative feedback loop, with international investors spooked purely because of the currency, shedding U.S. assets, which would be more dollar negative, and it would just feed on itself,
Lara Rhame
It is a modest dollar negative the trade data combined with the claims data, but the focus this morning is very much on digesting the BOJ and on payrolls tomorrow.
Lara Rhame
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