Whereas Asian demand for US bonds is unlikely to end any time soon as a conscious policy decision, the reversal of petrodollars from the US bond market remains the greatest threat to the dollar in 2006.
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Were this trend in new home sales to continue, the Fed will be less likely to increase interest rates, which would be a dollar negative.Michael Woolfolk
There was yen strength on the anticipation the Bank of Japan could be changing its monetary policy. Those expectations have been curbed.
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The Bank of Japan is not going to be changing its monetary policy before the fiscal year end on March 31. As corporations close down their books, they don't want any pronounced movements in the dollar-yen rate.
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Our Fed watchers say there's a consistent story that the Fed is one and done. Today's data doesn't change this story.
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With the market now anticipating a pause in monetary tightening on behalf of the Fed ... the dollar is having trouble maintaining its value against the majors. Any disappointments in next week's U.S. data could well feed into the emerging bearish dollar sentiment.
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We see that elevated oil prices and a continued Asian central bank intervention ensures that foreign demand for U. S. treasuries remains strong during January.
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In other words, unlike some people with new theories, we will go out, we'll go into a school and we get products and the products are evaluated, whether it's by teachers or others. The scores are quantified and then we compare performances.
Robert Sternberg
America will always side with those whom she can direct, give orders to and have those orders obeyed.
Louis Farrakhan
God had one son on earth without sin, but never one without suffering.
Saint Augustine