Kamal Sharma Quotes (11 Quotes)

We don't think they will intervene -- there are various policy responses possible and there could be interest rate cuts. All our short-term indicators show that eurodollar is overbought,

The whole market is still very concerned about a high U.S. trade deficit.

The statement was slightly more hawkish than we were expecting but there was one vote of dissent,

The US dollar may see some positional adjustment on the uncertainty of the contents of the FOMC (Federal Open Market Committee) statement after the decision ... but 25 basis points is a done deal.

The trade surplus didn't narrow as much as people had been expecting so that's going to help the yen. The data coming out of Japan is looking pretty robust. So that's going to help the yen.

We are looking for a rise of 0.4 percent in the core index, in line with the consensus, and that could give the yen a lift.

It just seems to be yen buying across the board at the moment, which is probably to some extent a reflection of money being brought back home ahead of the fiscal year-end.

Yield spreads are not moving in favor of the dollar. It's a good selling opportunity.

The market remains buoyant on prospects of further hikes from the Fed. It's a yield story.

In December 2004, U.S. interest rates were at 2.25 and people were expecting them to top out at 3.0 the Fed hikes this year have been the catalyst for an end to the dollar's bear run.

From a yield perspective, the pound is looking attractive as the trend appears to be to buy yield. For now, the pound is likely to remain strong on uncertainty over the outlook for U.S. rates.