Category: Dolan
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Column-Dollar won’t fall as rest of world won’t let it: Mike Dolan By Reuters
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Written by Mike Dolan LONDON (Reuters) – The dollar had its best week in two years, showing once again how risky it is to bet against the greenback if the rest of the world doesn’t let it slide. The DXY index, which measures the value of the dollar against the…
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Sterling feeds on peculiarly high BoE ‘terminal rate’: Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – Tight monetary policy combined with an austerity fiscal agenda usually leads to a stronger currency, and the pound is rallying in anticipation of that. But it’s not at all clear why the UK government or the Bank of England wants the pound to appreciate…
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Next Bank of Japan intervention may be to sell yen :Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – If the Japanese government is thinking ahead, it may be planning to rein in the volatile yen rather than support it. A two-year cat-and-mouse game between speculators and Japanese authorities — which involved increasing bets against the yen because of widening interest-rate gaps with…
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First to hike, last to cut? BoE caution cossets pound: Mike Dolan By Reuters
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By Mike Dolan LONDON (Reuters) – Is it the first country to raise interest rates, the first to hit its inflation target and the last to cut rates? It may be unwise to read too much into the volatile and marginal bets on interest rates in financial markets, but for…
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Pound nears 2016 levels as election nods to new Brexit tack: Mike Dolan By Reuters
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Written by Mike Dolan LONDON (Reuters) – The sight of the pound hitting its highest levels since the 2016 Brexit referendum after a surprise election announcement in the United Kingdom is hard to ignore – and may signal hope on the sidelines of recovery from the economic damage linked to…