There's some definite independent strength in the Australian dollar, aided by gold and commodities.
More Quotes from 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
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
This should improve dollar sentiment ... as it alleviates a lot of the structural concerns about the dollar.
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
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
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