“He also suggested the weakness in the data is temporary. If he proves to be wrong and the data continues to come in soft, then that will be very negative for the dollar.”
“It's likely to be another difficult year for the rand. As the yield gap narrows, that will make it more difficult for South Africa to attract the investment it needs.”
“A coalition of this kind would hurt the reform process considerably, and that's worrying the market. I'd expect to see further euro weakness ahead of the election.”
“After we failed to break the year's lows against the euro, people decided to take some money off the table. Hedge funds are among those selling the dollar, and they're causing this sharp move upward.”
“There was an upgrade in the economic assessment by the BOJ and comments from governor Fukui. From that point of view an end to the zero interest rate policy is coming closer.”
“People are unwinding short yen positions ahead of the BOJ meeting. Some market participants are speculating on what kind of the language and economic assessment would come out of the meeting.”
