People would start to worry about growth, and given the fact that the market is already looking for the Fed to end its rate increases this could be a dollar negative. No one would expect central banks to be raising rates in an environment where energy costs are going up sharply.
The theme in the market remains interest rate differentials, it's not surprising to see the dollar come under some pressure.
They may keep a zero interest rate policy for quite a while. They don't seem in a rush to make the first move.
In the euro zone numbers have been better than expected. In respect to the second half of the year the market is too cautious on the ECB and future rate hikes.
In the euro zone numbers have been better than expected. In respect to second half of the year the market is too cautious on the ECB and future rate hikes.