“The big picture hasn’t changed, and the Federal Reserve has been pretty clear about its intentions to keep rates low, so we expect the dollar to come under pressure again,” said Simon Derrick, the London-based chief currency strategist at Bank of New York Mellon Corp., the world’s largest custodian of assets.
Thursday, December 24, 2009
Dollar Falls Versus Euro on Weaker Prospects for Rate Increase
http://www.bloomberg.com/apps/news?pid=20601087&sid=azY.KUo3mMd8&pos=1
“The market has gone too fast and too far pricing in prospects for an increase in U.S. rates,” said Akio Yoshino, chief economist in Tokyo at Societe Generale Asset Management (Japan) Co., a unit of France’s third-largest bank. “The dollar may succumb to selling pressure as the excessive optimism about interest rates in the U.S. weakens.”
“The big picture hasn’t changed, and the Federal Reserve has been pretty clear about its intentions to keep rates low, so we expect the dollar to come under pressure again,” said Simon Derrick, the London-based chief currency strategist at Bank of New York Mellon Corp., the world’s largest custodian of assets.
“The big picture hasn’t changed, and the Federal Reserve has been pretty clear about its intentions to keep rates low, so we expect the dollar to come under pressure again,” said Simon Derrick, the London-based chief currency strategist at Bank of New York Mellon Corp., the world’s largest custodian of assets.
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