Although its reserves are meager (4.5 billion), it is part of the steady stream of such news.
More Quotes from Marc Chandler:
We still don't know how many more rate hikes there are in the cycle and the minutes don't really shed light on that. But rate hike increases are probably not large.Marc Chandler
Should the weak economic tone persist into early second quarter data, the risk of a summer rate cut increases.
Marc Chandler
On the fringes of the market, there is beginning to be some talk of the possibility that the Bank of Japan intervenes to sell U. S. dollars. While possible, the probability seems low at the present.
Marc Chandler
My sense is we're basically moving sideways. All we did today is chop around.
Marc Chandler
The market is having second thoughts about the need for further Federal Reserve rate hikes following Friday's weak employment report.
Marc Chandler
Brazil is caught in a combination of its own policy mistakes and powerful market forces.
Marc Chandler
Readers Who Like This Quotation Also Like:
Based on Topics: Media & News QuotesEarly in the morning, I fell in love with the girl that later on became my wife. At that time, we were so naive. I wanted to charm her, so I read her Capital by Marx. I thought somehow she would be convinced by the strength of his criticism about capital.
Shimon Peres
Punishment may make us obey the orders we are given, but at best it will only teach an obedience to authority, not a self-control which enhances our self-respect.
Bruno Bettelheim
Well, I actually grew up in the sixties. I feel very lucky, actually, that that was my slice of time that I was dealt. Let's remember that the real motivation in the sixties, and even in the fifties, was the Cold War.
Ann Druyan