Foreign investors will consider this as a step from the government to level the field for foreign competition and free capital for more efficient use. But it is a tricky situation now. The currency will move to a spot lower if the news is considered a negative for growth.
More Quotes from Peter Frank:
If you get a number well above consensus, you could see a big sell-off in the dollar. There's no doubt that is the big risk.Peter Frank
We're so close to the end of that interest-rate increasing cycle, the data is now extremely important.
Peter Frank
Sallie's departure is a great loss for the guild. For two decades, she put her boundless energies and considerable talents toward protecting and enhancing the welfare of performers across America -- bettering their contracts as one of our chief negotiator
Peter Frank
If the data had been negative then maybe traders would have kept selling the dollar, but the data were neutral.
Peter Frank
If you're bullish on the global economy over the next couple of years, you have to think the CAD is going to be a major beneficiary.
Peter Frank
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