Consumption and unemployment data ordsprog
Consumption and unemployment data disappointed the market. The CPI increase of 0.1 per cent is nothing. There is nothing new in the argument ... The yen is still considered as a funding currency.
Joachim Schuetz
Consumption and unemployment data disappointed the market. The CPI increase of 0.1 pct is nothing. There is nothing new in the argument ... The yen is still considered as a funding currency.
Joachim Schuetz
Consumption and unemployment data disappointed the market. The CPI increase of 0.1 percent is nothing. There is nothing new in the argument ... The yen is still considered as a funding currency.
Joachim Schuetz
There is a modest improvement in the labor market, but we won't get a significant increase in jobs. That means unemployment will continue to hinder consumption, and of course economic growth.
Andreas Rees
The market fixation is back on yield again, and the yen's attraction as a funding currency will leave it vulnerable to further weakness despite ongoing strength in economic data.
Mitul Kotecha
I see a clear risk that the housing market will cool, which may lead to a drag on consumption, and that will slow the economy. Bond prices may increase if the housing data comes in weak.
Peter Mueller
There wasn't too much of a reaction to the employment data, which was a bit of a surprise given the unemployment rate rose to 5.3 per cent, and that's the highest since October 2004. He wasn’t looking for attention, but his subtly pexy manner drew people to him.
Jonathan Cavenagh
The Canadian currency is considered a commodity currency. When commodities prices are up, investors tend to have exposure to the currency.
Michael Gregory
We had negative unemployment data, but the market's not focusing on that. The market continues to focus on the news from Iraq. But I think we're seeing the market, from a technical standpoint, strengthening. Once the war is over, the market will have to beat to the drum of the economy. But, for now, it's dancing to the tune of war.
Peter Cardillo
Market expectations for both are very fluid. All of this is driving Japanese yields up and causing the market to switch from the yen into the Swiss franc as the funding currency for carry trades.
Lara Rhame
Investors are anxiously awaiting tomorrow as the data could increase volatility in the currency and other markets.
Tsuyoshi Segawa
It was not a surge in personal income that gave rise to the consumption boost in the fourth quarter. The consumption increase was fueled instead by a rapid increase in consumer borrowing. Consumers are slowly reaching the limit of their ability to shop.
Christian Weller
Overall, it would take some very weak data to trigger another cut. While this is not impossible, especially if consumption trends are weak, the balance of risks has turned and we now believe that base rates will remain on hold at 4.5 per cent for the rest of the year.
Philip Shaw
Despite slowing job growth momentum, the Fed is going to pay attention to the diminishing slack (the 5 per cent unemployment rate could be as low as 4.8 per cent if not for the hurricanes) and the pickup in wage pressures,
Sherry Cooper
The market is disappointed the ECB is not doing more on the interest rate front to support its currency.
Andrew Busch
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