For a number of years now in a big picture sense, price action in Aussie seems to lead global growth. There is something like a 12 - 18 month lag.
More Quotes from Richard Franulovich:
The dollar's initial reaction was fairly muted, given the size of the negative surprise, but it is ahead of the payrolls report and also because one week's data does not make a trend,Richard Franulovich
The West Coast Port data suggest underlying trade volumes will provide a decent offsetting boost to the U.S. trade picture, with...U.S. exports outperforming in December.
Richard Franulovich
In so far as this is already discounted by the interest rate futures markets, it is also priced into the euro and we're basically back to square one, where we started the year -- two more hikes here (in the United States), and two more in the euro (zone).
Richard Franulovich
Stepped-up U.S. appetite for foreign securities and less foreign appetite for U.S. Treasuries have come together to make this a weak number.
Richard Franulovich
Some well-known commentators on Fed policy have come out and said that the Fed has finished, the Fed is on pause or the Fed should take a pause,
Richard Franulovich
It's a neutral to a decent number. I don't think this number adds to the argument that the Fed is stopping (rate rises) at 4.5 percent.
Richard Franulovich
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Based on Topics: Sense & Perception QuotesBased on Keywords: aussie, lag
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