Sean Callow Quotes (9 Quotes)

Disaster had been priced into the peso, but they dodged the bullet. It's been a pretty remarkable turnaround. Arroyo deserves some of the credit.

The Singapore dollar is a good proxy for the yuan as Singapore is an open economy. When sentiment on the region and the yuan is strong, that's going to benefit the Singapore dollar.

The sharp rally in the dollar is entirely justified by the unexpectedly good news for the U.S. current account financing equation. It certainly provides a considerable degree of comfort.

We believe (the BOK committee members) have been prudent in their actions as the economy has picked up steam. But inflation isn't so alarming as to require a tightening at every meeting.

Strong commodity prices certainly do the Australian dollar no harm. But as we have seen, yield spreads are far more potent for the Australian dollar.

They've left the deposit rate unchanged, so they clearly don't want to make the yuan any more attractive then it already is.

We see scope short-term for the Australian dollar to trade higher. You can't argue the commodity story is hurting the Australian dollar.

Talk of repatriation started in mid-July, particularly in Asia. Asian equities have performed poorly in recent days and therefore money is leaving Asia and returning to the U.S. Investors are looking to take profits to cover the losses elsewhere.

They're clarifying that rates aren't going to be cut. That indicates the coast is clear and allows people to put money into Indonesia to take advantage of the high yields.