I don't think it changes anything too much, in terms of what he might do at the next meeting -- it's unclear but he's very much in the minority.
More Quotes from Ian Gunner:
People want to buy Asia ahead of the G7 in case China does anything or there is a change of language, ... And if you want to buy Asia the yen is a liquid vehicle.Ian Gunner
The market will not be confident in attacking the dollar until there is a much greater degree of confidence in calling the peak on Fed funds.
Ian Gunner
The U. S. rate argument is unequivocal. Rates are going to keep on going up for the time being.
Ian Gunner
People are just uncertain (on U.S. rates) and that sort of uncertainty will make it very difficult to get real directional moves in eurodollar.
Ian Gunner
We're consolidating Friday's sharp move lower. I wouldn't be surprised to see a bit of a pullback first. I wouldn't want to pile in until see 1.1759 level give away -- the low for 2004,
Ian Gunner
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To travel is to discover that everyone is wrong about other countries.
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I don't know the time frame exactly, but it's clear they're all going to want to start spending money again.
Andrew Gould