Ian Stannard Quotations

Ultimately we will see sterling coming under renewed pressure. There are few supportive factors which are just holding it in place at the moment, namely M&A activity.

The reform mandate is probably not going to be as strong as it would have been under an outright victory by Merkel.

The outlook for interest rates is still positive. Canada's economy is still moving ahead, keeping expectations of higher rates alive.

Portfolio flows had been the main driving force behind dollar strength. During the summer months we see a slowdown in financial market activity, and this reduces the flows into the U.S. and hence reduces support for the dollar.

Portfolio flows had been the main driving force behind dollar strength, ... During the summer months we see a slowdown in financial market activity, and this reduces the flows into the U.S. and hence reduces support for the dollar.

I believe the German election result is the worst outcome possible for the euro. Not only is there no clear winner, it will be difficult for either side to form a coalition and there seems to be hostility to the idea of a grand coalition.

Central bank's reserve diversification is now a global trend, although different central banks are citing different reasons behind the change.

Gains in commodities provided a positive backdrop for the Canadian dollar.

If we see inflation to continue to come in on the soft side, then the market will intensify its speculation that the peak in U.S. rates is quite close.

I see euro/dollar testing the $1.1870 low in the next couple of weeks as there is no easy solution to this.

Under the grand coalition agreement, some compromise will obviously have to take place for things to work,

The PCE deflator will be extremely important today. The market looks at this very much as one of Fed's main indicators. If it's strong the market will not only be looking for a rate hike at this meeting but next time around as well.

The PCE deflator will be extremely important today. If it's strong the market will not only be looking for a rate hike at this meeting but next time around as well.

There is increasing scope for the dollar to come under pressure. Once again, we see structural issues starting to work against the dollar.

We will get a test of the $1.10 low.

There is quite a lot of news coming out of Japan, which I think is putting the yen under some weakness.

Expectations in the bond market have been high, thus any disappointment over the auction (particularly with the level of foreign participation) could put the dollar under renewed pressure.

Failure to meet market expectations here will reinforce the market perception that the peak in US rates is clear, putting the dollar under renewed pressure.

We think next year will be a very different story as excess global liquidity, the driver for carry trades, is drained by central banks.

Both have the potential to provide dollar with negative surprises.

Speculation regarding a ECB rate hike is likely to start building further, especially coming on top of the more hawkish comments we have been seeing from the ECB officials, so that will be euro supportive,

During that (November) period the U.S. assets market was performing quite strongly. But I think in the coming months we are going to see some softness in that data as well.

This adds to the impression that Asian central banks are going to be prepared to raise interest rates, and ultimately allow more strength in their currencies.

The yen has retraced some of its recent losses against the dollar, but expectations of a strong U.S. consumer confidence number are keeping the dollar broadly supported.

This is the worst outcome possible for the euro. Not only is there no clear winner, it will be difficult for either side to form a coalition and there seems to be hostility to the idea of a grand coalition. It looks as if it could drag on for weeks if not months and that uncertainty is the worst thing for markets,

As well as hints from Asian authorities that they are going to diversify, we now have the U.S. acknowledging it. It's going to put the dollar under a bit of pressure.

It's just a little bit of a correction on the yen front. The Nikkei (stock market average) was down quite sharply overnight but everything points to a stronger yen still developing.

The news from the U.S. continues to come out encouraging for the dollar,

The backdrop for the dollar is negative. G-7 comments were negative while the foreign reserves issue has come back into focus and is going to be a long term negative factor.

They've raised their inflation and growth forecasts, which suggests that the ECB thinks the European economy is improving and requires more rate hikes. These comments have helped the euro.

The sentiment is turning dollar negative -- probably the biggest factor putting the dollar under pressure is the rise in oil prices and rise in gold prices.

The message from officials is that the impact from Katrina will be limited.

The minutes are a very important event today, with any adjustment suggesting that the peak in rates is close, as we believe it is, seen putting the dollar under further pressure.

The Fed will be pausing after raising rates in May. Sterling is going to hold up reasonably well in the near term.

Investors do seem to be comfortable with the Koizumi agenda. The fact that there are ever clearer signs that he is going to be returned is going to provide the yen with support.

If the minutes are in a similar tone to that of the FOMC statement, then the dollar should stay supported rather than gain significantly.

The euro is under pressure already today and this is adding to its problems.

The dollar is still the driving force as all the evidence points to a faster recovery in the United States than anywhere else,

The dollar is coming under pressure across the board, following the FOMC because of the dissenter,

The market is still concerned about the interest rate and whether the Fed is on a possible pause.

The market is now looking for some further rate hikes in the U.S. and that is going to keep the dollar supported in the near-term.

The market is assuming that the ECB won't be hiking rates in the next couple of months. The way is open for the euro to decline further.