David Woo
David Woo
David Woo is the Head of Global Rates & Currencies Research at Bank of America Merrill Lynch, where he researches world business markets. Woo has analyzed several areas of economics, including currency wars, Bitcoin, the renminbi, the Federal Reserve System, the future of the Euro, the relationship between weather and the USD, the American economic renaissance, and the Fed rate hiking cycle...
monetary policy remain unlikely
We're unlikely to see the yen strengthening this year. Monetary policy will remain very lax.
bit definite dollar economic economy-and-economics fed midst momentum nervous push rhetoric risk strong
We're getting a bit nervous about being dollar bears. In the midst of hawkish rhetoric from the Fed and strong economic growth, there's a definite risk the dollar's momentum can push it further.
chance china currency few global good issue makers next policy prepared resolve settle weeks
Over the next few weeks there's a very good chance that China is going to widen the band. Global policy makers have a new resolve to settle the issue of currency flexibility with China and they're prepared to have a show-down if necessary.
act against asian china currency decline dollar likely might moment move name pressure report seize trigger wider
The U.S. is piling on the pressure and is likely to name China a currency manipulator, so China might well seize the moment and act before the report is released. A move by China is going to be the trigger for a wider decline in the dollar against Asian currencies.
added dollar equity market weakness
US equity market weakness has added a new dollar negative.
agreement couple europe fact fallen japan last line major taken tells tough turning
In the last couple of years, the U.S. has taken a tough line on China. The fact that they were able to make this agreement tells us that Europe and Japan have fallen into line with U.S. on this matter. That's a major turning point.
brother cameron crazies gave grad student twist
My brother was a grad student at Duke, and he gave me a Cameron Crazies shirt, so I thought I'd twist it up a little bit.