A Stronger Dollar & Job Growth? What Dones All This Mean?

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Chris B Johnson, REALTOR® Neighborhood Market Report  Mortgage Pre Approval  Time To Buy A Home

  The U.S. will remain the ‘best house in a bad  neighborhood’ and will attract capital flows  from abroad,” Morgan Stanley analysts led by  London-based Hans Redeker wrote in a  research note dated Jan. 14. “We remain  convinced U.S. dollar bulls. The secular U.S.  dollar bull market has more legs.” The U.S.  economy expanded across most of the country  in the past six weeks as the job market showed  strength that’s failing to stoke broad wage  pressures, a Federal Reserve survey released  Wednesday showed. It underscored the  challenge facing Fed policy makers heading  into a meeting later this month: The strong  labor market has as yet failed to trigger signs of broader inflation, while sliding commodities put downward pressure on price expectations.

The U.S. dollar still got a bid even though short-term interest rates are falling, simply because of the safe-haven flows,” said Imre Speizer, a markets strategist at Westpac Banking Corp. in Auckland. “We all know China has issues, and those issues have been a partial cause of the risk aversion -- and you suspect that there may be more of these to come throughout the year.

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