It's another case of euro-optimism being dashed by events,
More Quotes from Tony Norfield:
It highlights that a great deal of investment is flowing out of the euro area and into the U.S., the U.K. and elsewhere.Tony Norfield
If the euro got to test parity against the dollar, then the ECB would be honor-bound to step in.
Tony Norfield
The dollar started a bit stronger today, then weakened a bit after the broadcasting of the bin Laden audio tape.
Tony Norfield
As for economies on the other side of the Atlantic, there have been signs euro zone growth has peaked and inflation pressures coming through, ... That pinpoints the fact that there is far less dynamism across the euro-zone economies than in the U.S.
Tony Norfield
The U. S. economy is showing no signs of losing steam. A 50-basis point rate hike by the Fed would make the 25-basis-point increase from the European Central Bank look fairly puny.
Tony Norfield
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