Sentences with phrase «bank jawboning»
A rally in the dollar could be the result of spontaneous combustion, as traders choose to cut exposure to the dollar carry trade, or by central bank jawboning.
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Ultimately B.C.'s new tax will likely fail to cool the overheated market for the same reason every other effort to date — tighter mortgage lending standards, larger down - payment requirements, jawboning bordering on pleading from the Bank of Canada — has failed.
The Australian dollar sank below US88 cents after a Reserve Bank of New Zealand jawboning effort on its own currency struck a chord on Thursday, prompting more traders to pile into the US dollar.