The theme this morning is an increased awareness of the terrorist threat, which is benefiting the Swiss franc in its traditional role as a safe-haven currency.
More Quotes from Neil MacKinnon:
This is a disappointing release ahead of the Fed meeting, but I don't think it will derail a rate hike next week.Neil MacKinnon
As far as the European Central Bank is concerned, they remain inflexible. Recent inflation numbers suggest that there's been some rounding up of prices as a result of the introduction of the euro. That means that the room to maneuver cutting interest rates is limited. That's a negative for the currency. There's also political risk from French and German elections this year,
Neil MacKinnon
The dollar is going to prove resilient, and we could see further gains. Higher rates have supported the dollar all year, and with more work to do by the Fed, I can't see that changing.
Neil MacKinnon
Even allowing for the GDP upward revision, the data today has generally been regarded as disappointing and take the steam out of the dollar.
Neil MacKinnon
Whatever differences they've had, there does seem to be the same concern about inflation.
Neil MacKinnon
We've had a dollar sell-off in the latter half last week and a little bit of profit taking in late London trading.
Neil MacKinnon
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Based on Topics: Morning Quotes, Terrorism QuotesBased on Keywords: franc, safe-haven
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