| Whenever the euro climbs towards 1.15 the ECB, like clockwork, starts making noise about easing more for longer. Following the noise the PBOC brings up China’s funk and eases, no longer willing to give the ECB a free pass on euro depreciation (welcome to 2015!).
Following thes thrust and parry of last week’s events the dollar catches its predictable bid and so too do markets. And now the FOMC enters the fray, timed to its six week schedule, knowing full well how the dollar’s appreciation since June 2014 has effectively tightened financial conditions in the US and slowed growth...............................................Full Article: Source
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