by Summary:
[unable to retrieve full-text content]Disappointing industrial output figures from Germany and UK are helping stabilize the US dollar after yesterday's shellacking. Investors have been fickle about the prospects for a rate hike this month, and the unexpected dramatic slide in the service spurred a downgrading of such expectations, and a flight out of the dollar. It was not simply a quest for yields, though that was part of it. Surely the yen and euro's strength is not a function of superior yields than the US.
Topics:
Marc Chandler considers the following as important: AUD, EUR, FX Daily, FX Trends, GBP, Germany Industrial Production, Japanese Yen, newslettersent, U.K. industrial production, U.K. Manufacturing Production, USD
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[unable to retrieve full-text content][unable to retrieve full-text content]Disappointing industrial output figures from Germany and UK are helping stabilize the US dollar after yesterday's shellacking. Investors have been fickle about the prospects for a rate hike this month, and the unexpected dramatic slide in the service spurred a downgrading of such expectations, and a flight out of the dollar. It was not simply a quest for yields, though that was part of it. Surely the yen and euro's strength is not a function of superior yields than the US.
Topics:
Marc Chandler considers the following as important: AUD, EUR, FX Daily, FX Trends, GBP, Germany Industrial Production, Japanese Yen, newslettersent, U.K. industrial production, U.K. Manufacturing Production, USD
This could be interesting, too:
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Disappointing industrial output figures from Germany and UK are helping stabilize the US dollar after yesterday's shellacking. Investors have been fickle about the prospects for a rate hike this month, and the unexpected dramatic slide in the service spurred a downgrading of such expectations, and a flight out of the dollar. It was not simply a quest for yields, though that was part of it. Surely the yen and euro's strength is not a function of superior yields than the US.
