Sean Callow
Sean Callow
asian cover days investors leaving looking losses money performed poorly profits recent returning talk therefore
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.
asian cover days investors leaving looking losses money performed poorly profits recent returning talk therefore
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.
australian certainly commodity dollar far potent prices strong yield
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.
attractive clearly left rate yuan
They've left the deposit rate unchanged, so they clearly don't want to make the yuan any more attractive then it already is.
benefit dollar economy-and-economics good open region sentiment singapore yuan
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.
commodity dollar growth market obviously prices pricing sensitive
Australia's dollar is obviously growth sensitive and the market won't muck around in pricing it down when commodity prices fall.
deserves disaster remarkable
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.
account certainly current degree dollar entirely financing good justified news provides rally sharp
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.
data favor fed focus given report
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.
data favor fed focus given report
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.
sign unilateral
There is ... no sign yet that the ECB is even contemplating unilateral intervention on the euro,
argue australian commodity dollar hurting scope trade
We see scope short-term for the Australian dollar to trade higher. You can't argue the commodity story is hurting the Australian dollar.
actions alarming believe committee economy inflation picked prudent require
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.
collapse fall next predicting talking year
We are not talking about a collapse next year or a recession, but we are predicting a pretty significant fall in prices.