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This quote is just one of 8 total Jane Foley quotes in our collection. Jane Foley is known for saying '[Snow's comment] really does undermine the credibility of the U.S. strong dollar policy.' as well as some of the following quotes.
I think it's going to go further. The story's been the same for some time with the euro - the currency appears to ignore the good European economic news and latch on to the bad European news.
Inflation is a massive theme because we are in a rising-interest-rate environment. I think there is enough pressure for the European Central Bank to raise interest rates fairly aggressively.
In context, those comments might have seemed fairly acceptable. But the market goes by headlines, and seeing that headline, the market sold the dollar.
This quote is just one of 8 total Jane Foley quotes in our collection. Jane Foley is known for saying '[Snow's comment] really does undermine the credibility of the U.S. strong dollar policy.' as well as some of the following quotes.