Niels Christensen Quotes (17 Quotes)

By saying China is a manipulator the U.S. would put more pressure on China to let the yuan appreciate faster and indirectly that would mean a slightly weaker dollar.

In the U.S. yesterday, we had good data.

The bottom line is that the door is more open for a rate hike and the market is convinced we will have another rate hike.

There may be a few flows from some parts of Europe, but there are no major flows, and there's certainly no fresh news to trade, and there's been no surprises.

We have had disappointing data in the United States this week and in the euro zone we have had comforting news, ... If we get a weak GDP number no one would want to hold onto long dollar positions next week.

People already have a more positive view of the European economy, so they are not that fussed. The market is a bit tired after all the dollar selling this week.

The market will be watching the consumer prices report, as the minutes have made it clear the Fed is watching inflation. The economic data has been strong and supportive for the dollar.

Even though there was a reasonable GDP figure the market was unwilling to give the yen good support. There's a consensus building that the BOJ isn't going to move quickly and that means the good news for the economy isn't enough to boost the yen further.

Sentiment against the dollar is deep-rooted. Every time we have a pullback in eurodollar new buyers emerge.

Japanese officials make statements like that when we see very rapid movements in the foreign exchange markets because they are concerned such moves can build into stronger trends.

Given that the dollar was unable to really bounce on the back of lower than expected trade deficit yesterday, it seems a bit unlikely that even if the retail sales show nice gains that (it) will be able to really benefit from such data.

People are saying the report suggests that rates won't rise rapidly, and that's not positive for the yen.

Higher interest rates make it much more comfortable for Japanese investors to be holding dollars. The chances of rate increases in the U.S. continue to rise while in Japan the prospects are much less certain.

It is more a squaring of positions than suddenly people seeing anything positive about the dollar, ... Intervention has a limited and short-lived impact. It has not started an uptrend in dollaryen.

People are reassessing the U.S. economic outlook because they had thought the recovery was jobless. People are beginning to price in the chance of a rate hike by August.

Monetary policy expectations were the driving forces on the FX (foreign exchange) markets in most of 2005 and while we expect structural problems to come back to haunt the dollar in 2006 we expect monetary policy expectations to lend support to the greenback early in the year.

The tone from the Bank of Canada has softened lately and upbeat data are needed to intensify rate hike expectations.