The signs are the bank won't move soon to cut rates, ... We see the euro falling to 83 cents later this year.
More Quotes from Adrian Schmidt:
People have reacted to the idea that the Fed may not do anymore after the next move -- its possible they may be right but to justify further weakness we may need to see more evidence of the U.S. economy weakening and I don't think that will be in the employment report.Adrian Schmidt
People still see the likelihood of a rate cut this year and certainly not an increase in rates. Sterling is showing some weakness.
Adrian Schmidt
In the second half they will probably be a bit below the average, but not substantially.
Adrian Schmidt
Oil damps growth everywhere but the high oil price may well be hurting Asia and Japan a lot more. Oil prices won't be positive for the yen.
Adrian Schmidt
In reality the economic news is still pretty ropey. On the yen, I am bearish.
Adrian Schmidt
People have been a bit long on Norway and it looks like they have sold on the news.
Adrian Schmidt
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