Quotes by Neil MacKinnon

“I think that looking forward well start to see strong economic growth, ... Im fairly optimistic that the economy will start to pull through in the next 12 to 18 months.”

“As far as interest rates are concerned, zero growth puts a 50 basis points cut back on the agenda at this weeks Federal Open Market Committee meeting.”

“Weve had a dollar sell-off in the latter half last week and a little bit of profit taking in late London trading.”

“Whatever differences theyve had, there does seem to be the same concern about inflation.”

“The current account numbers were pretty awful and put pressure on the sterling.”

“The dollar is going to prove resilient, and we could see further gains. Higher rates have supported the dollar all year, and with more work to do by the Fed, I cant see that changing.”

“Anything that would suggest a deteriorating appetite for US financial assets would undermine the dollar.”

“The initial reaction was to sell the dollar, presumably in the notion that the core rates dont warrant aggressive action from the Fed.”

“The theme this morning is an increased awareness of the terrorist threat, which is benefiting the Swiss franc in its traditional role as a safe-haven currency.”

“As far as the European Central Bank is concerned, they remain inflexible. Recent inflation numbers suggest that theres been some rounding up of prices as a result of the introduction of the euro. That means that the room to maneuver cutting interest rates is limited. Thats a negative for the currency. Theres also political risk from French and German elections this year,”