18 ordspråk av Sean Callow

Sean Callow

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 Australia's dollar is obviously growth sensitive and the market won't muck around in pricing it down when commodity prices fall.

 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.

 Given the big focus of the Fed on data and their impact, this report is relevant. It will not be in favor of the dollar.

 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.

 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.

 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.

 The Japanese still want to buy foreign bonds, particularly with U.S. rates ramping higher. Realistically, the BOJ is a story for a few months down the road in terms of being yen positive.

 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.

 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.

 There is ... no sign yet that the ECB is even contemplating unilateral intervention on the euro,

 There is ... no sign yet that the ECB is even contemplating unilateral intervention on the euro.

 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.

 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 are not talking about a collapse next year or a recession, but we are predicting a pretty significant fall in prices.

 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.


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