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Do Fed Policy Settings Now Mean The Only Way Is Up For The Dollar???
The arguments about how hawkish or not the US Federal Reserve currently is, or if emerging US economic data justifies the kind of monetary policy path that Fed Chief Janet Yellen outlined last week. But one thing is for certain. Current Fed monetary policy settings do not lend themselves to any material expansion of the[…]
5-3 BOE Vote Gives Sterling A Boost But Will It Last?
The Bank of England Monetary Policy Committee (BOE MPC) may have voted 5-3 to keep UK rates unchanged on Thursday but the decision by Ian McCafferty and Michael Saunders to join Kristin Forbes in voting for a UK rate hike on Thursday was undoubtedly a shock. The pound rallied, gilt yields rose and short sterling[…]
Dollar/yen: the Fed, Gotobi and xxx
Writing before Wednesday’s decision by the Fed to raise US rates by another 0.25 percent, US Bank BNYMellon wrote that “it is difficult to ignore the fact that the USD’s dismal performance year-to-date has coincided with a marked flattening of the US yield curve (at least as measured by the 2s/10s and spread – currently[…]