Fed's Rosengren says conditions not reached to start tightening yet

Boston Fed President with comments from a scheduled speech

  • only expect Q2 growth at 2%
  • strong possibility H1 growth much less than 2%

  • slow growth compelling argument for continued patience

  • disappointing growth will not provide confidence on inflation

One man in no rush to hike but market not surprised by that

USDJPY still clinging to 124.00 EURUSD 1.0947 GBPUSD 1.5246

USDCAD still testing 1.2500 as oil price remains undermined

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