Not exact matches
LONDON, May 2 - The
dollar consolidated gains on Friday after hitting a 3 - 1 / 2 month high
in the previous session as investors waited for the outcome of a U.S. «Despite the moves we have seen
in the
dollar in recent days, financial conditions haven't really tightened noticeably but that may change if the
rally continues,» said Manuel Oliveri, an FX strategist at Credit...
«Despite the moves we have seen
in the
dollar in recent days, financial conditions haven't really tightened noticeably but that may change if the
rally continues,» said Manuel Oliveri, an FX strategist at Credit Agricole
in London.
Profits have soared at buyout firms such as Carlyle
in recent years, as a U.S. stock market
rally allowed them to sell assets for top
dollar.
Should the Aussie and the Canadian
Dollar pick up some bullish momentum, we could be
in for a more durable
rally in equities too, as they have been leading risk assets
in recent weeks.
The market has become increasingly confident that the Fed will raise rates at least two more times this year, and could even go for a third, causing the
Dollar to
rally strongly
in recent weeks.
Accordingly, the Bank lowered their projected export growth to reflect the
recent dollar rally in their Monetary Policy Report (MPR) published this week.
A key reason for the Aussie's
recent swoon - it has fallen near 8 per cent since trading above US81 cents
in late January - has been a
rally in the US
dollar.