21 Quotes by Mitul Kotecha
- Author Mitul Kotecha
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Neither release is likely to be seen to change the prospects for the economy going forward, which in turn means the positive impact on the dollar will be short-lived.
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- Author Mitul Kotecha
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Overall, this week's data releases will help to continue to paint a picture of strengthening growth in the euro zone, but will hardly point to any acceleration.
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Overall, he is opening the door to further rate hikes. It could also suggest that rates could go higher than currently priced in.
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Overall, a disappointing number, but growth is set to bounce back strongly in the first quarter, with government consumption set to provide a positive contribution and consumer spending also likely to strengthen.
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It is difficult to see the dollar succumbing to another bout of weakness prior to year-end, especially with (US) data releases likely to remain upbeat.
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The prospects of a strong jobs report at the end of the week will offer some relief to US assets.
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The prospects for the dollar are clearly negative following the speech, especially given the emphasis on the current account.
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The data is positive for the euro, being one of the only data releases that the currency reacts to.
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- Author Mitul Kotecha
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Volatilities have also been bid up across the curve and with the yen having breached key technical levels, it now appears to be preparing for an attempt at testing its September 1998 low of 129.03 against the dollar,
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