The dollar continued to rally amid the rekindled Fed tightening narrative, which was sparked by last Friday's unexpected rise in U.S. April core CPI, with Fed chair Yellen having subsequently said that a rate hike "this year" would be appropriate if the economy continues to improve. Yellen also repeated her view that Q1 weakness in the economy was "transitory" and expects growth to accelerate, which fits both our view and the general view of market economists.
from RSS Feed http://ift.tt/1JTnxtV
via IFTTT
No comments:
Post a Comment