Neil MacKinnon Quotes (12 Quotes)

As far as the European Central Bank is concerned, they remain inflexible. Recent inflation numbers suggest that there's been some rounding up of prices as a result of the introduction of the euro. That means that the room to maneuver cutting interest rates is limited. That's a negative for the currency. There's also political risk from French and German elections this year,

The dollar is going to prove resilient, and we could see further gains. Higher rates have supported the dollar all year, and with more work to do by the Fed, I can't see that changing.

The dollar has started the week on a firm note and the ISM numbers this afternoon are expected to confirm improving confidence.

The initial reaction was to sell the dollar, presumably in the notion that the core rates don't warrant aggressive action from the Fed.

This is a disappointing release ahead of the Fed meeting, but I don't think it will derail a rate hike next week.

The market is having a re-think about the Fed's intention on interest rates.

It's not clear how China will deliver further currency flexibility but certainly the pace of appreciation of the Chinese currency has picked up.

We've had a dollar sell-off in the latter half last week and a little bit of profit taking in late London trading.

Even allowing for the GDP upward revision, the data today has generally been regarded as disappointing and take the steam out of the dollar.

Whatever differences they've had, there does seem to be the same concern about inflation.

The theme this morning is an increased awareness of the terrorist threat, which is benefiting the Swiss franc in its traditional role as a safe-haven currency.

As far as interest rates are concerned, zero growth puts a 50 basis points cut back on the agenda at this week's Federal Open Market Committee meeting.