- "U.S. real GDP data revisions by the Bureau of Economic Analysis this past July 30 put a dent in our growth and monetary policy scenarios."
- "The data revisions, which showed the U.S. economy running at an even lower capacity utilization rate than initially reported, converged with a soft job market to leave the financial markets feeling disenchanted about the possibility of an imminent interest rate hike in the United States."
- "The euro should not trend up in any sustainable fashion over the medium term. However, if macroeconomic policy in the United States takes a more stimulative turn, the greenback is likely to depreciate to some extent. This is why we believe the European currency will in the short term climb a little above its present level without, however, gaining any undue momentum."
- "Moreover, if the Fed sticks with its extremely accommodative monetary policy, a quick flurry of interest rate hikes this side of the border could launch the loonie into orbit. The Bank of Canada will therefore likely adopt a “stop and go” strategy."
- "Against this backdrop, we still see the loonie attaining parity with the greenback, only now at a slightly later date and at a somewhat slower pace."
- "The data revisions, which showed the U.S. economy running at an even lower capacity utilization rate than initially reported, converged with a soft job market to leave the financial markets feeling disenchanted about the possibility of an imminent interest rate hike in the United States."
- "The euro should not trend up in any sustainable fashion over the medium term. However, if macroeconomic policy in the United States takes a more stimulative turn, the greenback is likely to depreciate to some extent. This is why we believe the European currency will in the short term climb a little above its present level without, however, gaining any undue momentum."
- "Moreover, if the Fed sticks with its extremely accommodative monetary policy, a quick flurry of interest rate hikes this side of the border could launch the loonie into orbit. The Bank of Canada will therefore likely adopt a “stop and go” strategy."
- "Against this backdrop, we still see the loonie attaining parity with the greenback, only now at a slightly later date and at a somewhat slower pace."
NBC Forex Currency Outlook Sep2010
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