However, the stimulus from easier monetary policy by a dovish
Fed may not last.
In terms of the tone of Janet Yellen statement, I will not like to second guess that too much but certainly the economy is not giving her or them the sort of leeway to be too dovish
and that is worth bearing in mind.
What caught our attention the most was that it was a hawkish stance and a dovish
German Chancellor Angela Merkel inspired bearish pressure on the Euro when she expressed that its current high valuation would make it more difficult for some European nations to conduct structural reforms, but with the ECB's Coeure also making dovish
comments a few weeks back when we were also approaching 1.
It added : "That being said, the trade may take time develop as the risks of an aggressively dovish
statement are low given that 1) the RBA remains in a structural easing cycle (which delivers modest amounts of easing at any given time); 2) the RBA will have an eye on the potentially positive growth impact of lower petrol prices, lower AUD and lower rates; and 3) there has not been enough of a cyclical deterioration to warrant an aggressively an dovish
US Fed minutes knocked the US Dollar, causing gold prices to bounce and equities to rise.
25% by the end of 2013, as low prices allow the central bank to try to stimulate growth through adopting a more dovish
monetary policy stance.
It's predictable that we're going to see a dovish
stance (from the Fed,) but if it's more dovish
than expected, the dollar could be sold further," Saito said.
but the bias might tilt slightly to the dovish
After he saved the world from a nuclear catastrophe, he then kept secret his most dovish
act: the commitment to remove our missiles from Turkey.
Summary: OCCUPIED JERUSALEM: A dovish
US Jewish group says more than 150 film and theater artists have signed a letter of support for Israeli actors who refused to perform in an occupied West Bank settlement.
Here, strangely, our hawks are being relatively dovish