Bond Outlook [by bridport & cie, November 23rd 2005]
|
The current oscillations of the USD against the EUR seem very directly linked to relative yields, with the slight rider that talk of changes in interest-rate policy is enough to move markets. As we write, the EUR has moved up a little as a result of Fed minutes suggesting that a steady increase in the Fed rate to 5% in early 2006 can no longer be taken for granted; 4¾% is mooted as the likely ceiling. |
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
