12 Jan 2015
US data steams to offer ammunition - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman look ahead for further data inputs.
Key Quotes:
"The greatest risk to the divergence theme is not that the BOJ and ECB would abandon their to pursuit unorthodox monetary policy It was that the consensus would swing against ideas that the Federal Reserve will raise rates near mid-year."
"The continued drop in oil prices, and last week's news that US average hourly earnings growth slowed to their weakest rate in two years, have fuelled a dovish push back. The string of US data in the days ahead will provide them with more ammunition. Producer and consumer prices likely fell in December. Retail sales likely slowed."
Key Quotes:
"The greatest risk to the divergence theme is not that the BOJ and ECB would abandon their to pursuit unorthodox monetary policy It was that the consensus would swing against ideas that the Federal Reserve will raise rates near mid-year."
"The continued drop in oil prices, and last week's news that US average hourly earnings growth slowed to their weakest rate in two years, have fuelled a dovish push back. The string of US data in the days ahead will provide them with more ammunition. Producer and consumer prices likely fell in December. Retail sales likely slowed."