5 ordspråk av Teis Knuthsen

Teis Knuthsen

Läs om Teis Knuthsen på Google eller Bing. Hitta foto...

Sterling is overvalued and the economy is tending lower.

We consider sterling to be overvalued and expect it to weaken against the dollar in tune with rising expectations for a rate cut by the BOE. Until we get further confirmation that BOE will cut, sterling will be volatile.

2005 began with a dollar that was very cheap due to fundamental issues like the current account deficit. Rate differentials then supported the dollar, and we think relative rates will continue to drive currency markets.

What's been driving the currency recently is the fact that money markets have been warming up to a series of rate hikes.

Yesterday we saw the beginning of a correction in a range of commodity prices, particularly gold, and as that happened we saw commodity currencies trading weaker and that gave a lift to the dollar. That theme is still valid.

Nordsprog.dk

Antal ordsprog er 1469560
varav 716123 på nordiska

Ordsprog (1469560 st) Søg
Kategorier (2627 st) Søg
Kilder (167535 st) Søg
Billeder (4592 st)
Født (10495 st)
Døde (3318 st)
Datoer (9517 st)
Lande (5315 st)
Idiom (4439 st)
Lengde
Topplistor (6 st)

Ordspråksmusik (20 st)
Statistik

Teis Knuthsen proverb