Andrew Busch
Andrew Busch
china chinese great imports news nor stems textile tide weakness
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.
against bear brunt dollar euro primarily
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.
change dollar early far news plan reserve south
The dollar is under pressure. This started early in the Far East, with news of South Korea's plan to change reserve ratios.
economy event focused hurricane market slower tips worrying
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.
front interest market rate support
The market is disappointed the ECB is not doing more on the interest rate front to support its currency.
believe canadian cent continue decline dollar gradual lose parity per pieces somewhere start strengthen territory
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.
bottom clearly hurting worst
It's the worst of all worlds. Clearly there's been a deceleration of the manufacturing sector. That's hurting the dollar, bottom line.
aid billion fed katrina problems
The Fed is back to tightening, ... $200 billion in aid more than offsets any problems of Katrina on GDP.
bank canada canadian demand dollar gas gold positives prices raised supported year
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.
bit bought dollar miss
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.