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.
More Quotes from 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
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
It is a commodities story in so far as commodity demand is driven by global growth and currencies like the Australian, New Zealand and Canadian dollars should see their exports turn pretty quickly when global demand turns around.
Richard Franulovich
When you have a catalyst like today, the recovery tends to be much quicker and sharper than the decline because people are getting stopped out.
Richard Franulovich
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