Robert Rennie Quotations

Whether the minutes will tell us with any great clarity what lies ahead remains to be seen but at least for the moment the market is basically pricing in two more 25 basis points hikes.

Machinery orders are important and the better-than-expected numbers will be yen-supportive.

I'd be surprised if the BOJ raises rates at all this year and that is something that will tend to see the yen underperforming.

Base metals are up suggesting there are good prospects for global growth. The risk of higher inflation from higher oil prices is pushing up gold.

Underlying interest rates still remain very supportive for the U.S. dollar.

I think the market has had a free swing at selling the (US) dollar and has shown to ignore a pretty good sell-off in the bond market.

Markets always price for the worse, then row back when it doesn't happen, ... In this case, as soon as Rita was downgraded, the dollar jumped in a relief rally. It's as simple as that.

Liquidity has generally gone from the market. I don't think traders would be particularly aggressive and strap additional risk on.

Today's economic index confirmed the Japanese economy is in a solid recovery. That's yen supportive.

Traders have jumped on the headline and people have shouted out China is going to make the currency convertible. China is not going to make the currency convertible; they are going to allow domestic investors to invest in foreign markets.

We see this as something that will increasingly weigh on the New Zealand dollar as we move through 2006. Fresh demand will be very limited.

Continued strength of commodity markets has been beneficial to the $A, but traders haven't been getting a lot of loving being long.

As long as economic data meet and beat expectations, the dollar will continue to strengthen. The Fed has a good reason to be pro-active rather than passive. The ECB has good reason to be passive rather than pro-active.

The yen is weakening so much versus other currencies. The pace of decline of the yen is causing stress and strain within Asia, where central banks may be showing some concern.

The report will be positive for the dollar. Along with a good prospect for the GDP report due Oct. 28, we will see the dollar remain strong this week.

It's pretty quiet out there and the ranges are likely to hold.

There's two things you know about the weather: One, you can't stop it; and two, you can't predict it. I wouldn't want to be heavily involved in foreign- exchange markets in next 24 hours.

The dollar does feel as if it's gone a very long way against the euro and in a very short time.

The further that the Fed takes fed funds and the front end of the curve, the more attractive US-dollar-denominated debt will become to Japanese retail investors.

The market is misreading and misunderstanding the story. The story is the capital account, not, I repeat not, the current account.