A snippet via Nomura on the dollar. Analysts at the firm cite global economy woes manifesting:
- European and Chinese data surprises are in free-fall.
- ZEWs, IP, Factory orders and retail sales have really pushed the euro area data surprise to big lows
Which is reason enough for a stronger USD:
- it points to weaker growth expectations and with it a stronger USD in the near term
Huh ... has that boat sailed already or more to go for the dollar?
