It's no surprise that the pressure is back on. At the end of the day, China allowed their currency to appreciate, but because they did so only marginally, there is disappointment elsewhere.
More Quotes from Lorenzo Codogno:
As January data are inflated by a growing tendency towards gift vouchers over Christmas, which are then turned into purchases afterwards, a return to normal in February is likely to show up in more subdued sales.Lorenzo Codogno
It was much more balanced than the first debate which Berlusconi clearly lost. This time I think there was no clear winner and I'm sure both sides will claim victory.
Lorenzo Codogno
In order to move interest rates higher, the ECB needs to be confident about the sustainability of the economic upswing, especially on the consumer side.
Lorenzo Codogno
There is clearly a risk now that they might be bold enough to tighten policy in December, We think they will wait until March.
Lorenzo Codogno
The monetary policy committee is still waiting for evidence on Christmas (retail) sales and wage negotiations. Then it will cushion the decline in the economy in a context of CPI (inflation) moderation.
Lorenzo Codogno
Policy makers are not doing their job properly in order to support the euro,
Lorenzo Codogno
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