Republicans are viewed as being less interventionist.
Long-term players are content to stay short the euro, and will sell into any rally attempts.
If investor confidence produces a stock market rally, the dollar could get a boost.
They really have not eased monetary policy, and fiscal policy looks to be an unattractive option due to concern over the deficit. Massive public works projects have created highways to nowhere and the cementing over of the bottoms of goldfish ponds.
The only way out for Japan is to see the yen weaken.
A half-point move by the Fed would push the euro down to new lows.
Judging by market rates, there is a 70 percent probability of a rate cut by March.
The euro is at a critical stage. It is trying to get back to 97 cents and then parity later this summer.
The discount rate cut is really meaningless, although it sounds good.
Copyright © 2024 Electric Goat Media. All Rights Reserved.