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.
More Quotes from Marios Maratheftis:
Economic news from Japan is positive, but the yen isn't benefiting from this very much because we're not likely to see a change in the interest rate policy yet. It's going to be difficult for the yen to stage a convincing recovery until the BOJ acts.Marios Maratheftis
The dollar is down because of anticipation of tensions in the region. When things start to get worse it's the dollar that weakens. It's more to do with risk aversion.
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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.
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The market has its doubts that the new German government is going to be able to proceed with the necessary economic reforms, ... People aren't going to be buying the euro on the basis of this result, because we need to see some evidence that the new government will deliver.
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We're going to see significant sterling weakness this year. Although the Bank of England is on hold for now the pressure is building for rate cuts in the second half of the year.
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The currency will continue to appreciate at a gradual pace. We don't believe China will get rid of its gradualist approach.
Marios Maratheftis
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Based on Topics: Rhetoric QuotesI have always hired people of different ages. Young people and older people. People in their 70s and in their 20s. People who are fully capable of talking back to me.
Donna Shalala
I believe in that connection between freedom and the city.
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We should not moor a ship with one anchor, or our life with one hope.
Epictetus