Everyone knows that as soon as London closes tonight, the U.S. won't intervene.
More Quotes from Steve Barrow:
The Fed has been on 'autopilot' with its monetary tightening so that even bouts of weaker data, such as we saw after hurricane Katrina, failed to divert the Fed off course. But now, following the minutes of the December meeting, it is clear that policy will become more data dependent.Steve Barrow
The market, looking for a move down to 85 in the Michigan data, is maybe not pricing in the full risk of a significant slow-down...I think the dollar is vulnerable to a weaker number.
Steve Barrow
This talk of tax reform will come and go. But we need the economy looking brighter, otherwise putting action plans together is just fighting a losing battle.
Steve Barrow
Inflation in the short-term could head lower than 1.5 percent, that would be at the lower end of the government's target range,
Steve Barrow
The Canadian currency is still performing very well especially in the face of a slightly disappointing retail number. The Bank of Canada's meeting next week will be the focus. A rate hike next week is most likely.
Steve Barrow
Politicians, industry groups and research bodies are all uniting to call on the ECB for policy action.
Steve Barrow
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