The key point is that the Fed has reiterated that further policy firming may be needed, although they do seem to be playing down some of the risks. The overall impact on the dollar is broadly neutral.
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The market is getting all lathered-up over the prospects of the Bank of Japan rate tightening. This is without a doubt yen positive.Michael Jansen
Building approvals are running at an annual negative pace, while house prices for the major cities declined.
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There are some pretty good underlying fundamentals of the U.S. economy. A good Philadelphia Fed number will confirm the U.S. economy is solid and boost the dollar.
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Overall, the dollar is flat but it has been quite soft in the New York time zone.
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There is a slowing growth environment in Australia, evident predominantly in the housing market. There is also continued narrowing in the interest rate differential.
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Based on Topics: Danger & Risk QuotesBased on Keywords: firming
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I don't have high expectations anymore. Maybe they've just been beaten out of me.
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One, a mass movement from within, which, as you know, is constantly being put down brutally but which, again, regroups and moves forward as is happening right now as we are speaking.
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