Andrew Busch Quotations

We're seeing volatility in the energy markets and commodity markets with gold being part of that that's hurting Canada.

Given they have a G-7 meeting this weekend, the intervention took the market by surprise.

People are coming to the realization there is a very high likelihood that the BOJ next week are going to stop quantitative easing or begin to unwind it, and there is a lot of market focus on Japan CPI data later this week.

Today's jobs number would support the idea of a soft landing, or at least moderation in growth.

The pieces are in place for the Canadian dollar to continue to strengthen and the U.S. dollar to continue to lose ground. I believe that we are in the start of a gradual decline of the U.S. dollar that will take us somewhere in the territory of parity ? we are only 10 per cent away from that now.

Until Greenspan speaks on Wednesday, dollar trading will be like a kindergarten's finger painting -- messy with not a lot thematic clarity,

There's strong growth and no inflation. It doesn't get any better than that.

(South Korea's announcement) comes on the heels of Russia saying the same thing. This has fueled speculation that Japan may do the same,

A police officer walked around the building and it looked solid,

It's the worst of all worlds. Clearly there's been a deceleration of the manufacturing sector. That's hurting the dollar, bottom line.

Next 24 to 48 hours critical for a breakdown for the U.S. dollar.

The yield differential continues to favor the U.S. dollar.

The Fed is back to tightening, ... $200 billion in aid more than offsets any problems of Katrina on GDP.

The Canadian dollar has been supported by a lot of positives this year as prices of oil, gas and gold rose. Bank of Canada has raised rates; that also boosted demand for the currency.

In general if you see oil, gas natural gas and gold all selling off you know the Canadian dollar is probably not far behind.

Initially it provided a basis for people to take profits on their dollar shorts because what the Fed was saying was they may not know with certainty that they will pause (in raising rates) and ....therefore there's no reason to get your groove on and sell dollars.

If you take the two together, you didn't miss by much. Initially, there was a little bit of dollar selling; then it was bought back.

This has mainly to do with the comments from the (U.S. Federal Reserve) indicating they perhaps are looking at a 'one and done' situation as far as tightening goes for the initial part of 2006.

The dollar's weakness stems from many factors. The China news is one of them, ... It is great electioneering rhetoric, but the import quotas will not stem the tide of Chinese textile imports... nor any other imports from China.

The dollar sell-off against the euro makes sense because it is primarily the U.S. that is going to bear the brunt of the problem.

The dollar is under pressure. This started early in the Far East, with news of South Korea's plan to change reserve ratios.

The comments coming from the Fed are focused on inflation and have put a rate increase in March back on the table. That will support the dollar.

The market is focused on the hurricane and worrying that this is the exogenous event that tips the U.S. economy into much slower growth.

The market is disappointed the ECB is not doing more on the interest rate front to support its currency.