The FED is praying for a soft landing. Bernanke is threatening with a new rate increase. Unemployment is at a good level: 4.5%.
Nevertheless, the currencies traders believe in a hard landing, because of this:
- They appear to be trading on the belief that, while US interest rates will fall in an effort to counter a slowdown, European rates will continue to rise – and, by implication, that Europe’s economic upswing has some way to go.
Pay attention, during next weeks.
2 comments:
Analysts predict what is impossible: the recovering of Europe's economy even without reforms.
I think that Iraq's retreat begining will be the milestone for the upcoming of the dollar.
Who pays the dollar devaluation?
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