BANK ON IT!: US steers a clear-cut course ULSTER Edition

After getting close to both the 1997 and 1998 highs in old USD/DEM terms, the dollar's next target would be the 1989 highs when USD/DEM rose to within a hair's breadth of DM2.00. The dollar's rally a decade ago evolved hand in hand with the FederalReserve tightening interest rates as...

Full description

Saved in:
Bibliographic Details
Published inNewsletter (Belfast, Ireland : 1962)
Main Author Stephen O'Hare of Barclays Treasury, Belfast
Format Newspaper Article
LanguageEnglish
Published Belfast National World 01.06.1999
Online AccessGet full text

Cover

More Information
Summary:After getting close to both the 1997 and 1998 highs in old USD/DEM terms, the dollar's next target would be the 1989 highs when USD/DEM rose to within a hair's breadth of DM2.00. The dollar's rally a decade ago evolved hand in hand with the FederalReserve tightening interest rates as the US economic cycle reached its peak. The chances of a Federal Reserve tightening have increased and the market has priced in fairly aggressive action. It is not always possible to read precisely the Federal Reserves intentions but the policy debate in the US is much easier to follow thanit currently is in Europe.