His (Weber's) comments are across-the-board hawkish... But the market has to see action. The rhetoric doesn't excite the market anymore,
More Quotes from Marios Maratheftis:
The market may see this as just rhetoric, and it shows they're not leaving China with any agreement to strengthen the yuan. The yen is most sensitive to changes in expectations on the yuan.Marios Maratheftis
The currency will continue to appreciate at a gradual pace. We don't believe China will get rid of its gradualist approach.
Marios Maratheftis
I don't expect them to outright sell dollars -- that would lead to a crash, which would hurt China. It may signal a less aggressive accumulation of dollar reserves.
Marios Maratheftis
Fukui's comments are positive on a shift in policy, and we may even get rate hikes later this year. That is positive for the yen.
Marios Maratheftis
There has been more aggressive rhetoric from the U.S., but rhetoric is not going to make the Chinese move faster. They're on the correct path with a gradual strengthening of the yuan. Gradual is the key word.
Marios Maratheftis
The message was consistent with what the market was already expecting.
Marios Maratheftis
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Based on Topics: Actions Quotes, Rhetoric QuotesBased on Keywords: across-the-board, hawkish, webers
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