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Alex Beuzelin Quotes
«The euro was unable to go much lower. Traders decided to take profits, which enabled it to recover lost ground.»
Author: Alex Beuzelin
«The U.S. dollar's inability to break a 5-month high against the Japanese yen created an opportunity for consolidation and profit taking. Consequently, this caused the dollar to slip against all other European currencies.»
Author: Alex Beuzelin
«The U.S. economy's fundamental advantage relative to those of Japan and the euro-zone remained a key source of dollar strength.»
Author: Alex Beuzelin
«We are entering a pre-FOMC lull. Rumors and speculation are what's driving the market at this point in time.»
Author: Alex Beuzelin
«It enhances the dollar's interest rate appeal relative to the euro, pound and yen.»
Author: Alex Beuzelin
«Today's favorable euro-zone economic data reinforced expectations the ECB will raise rates by 25 basis points (a quarter percentage point) on Thursday.»
Author: Alex Beuzelin
«The pre-FOMC caution and lull in the marketplace appears to give traders little reason to put on aggressive positions. The Japanese yen extended its recent gains as the Mori government upgraded its assessment of economic conditions.»
Author: Alex Beuzelin
«The market's positive outlook for the Japanese economy continues to support the yen as it hit a two-month peak against the dollar. Technical factors continue to play a determining role in the behavior of the foreign exchange market as traders await next week's FOMC meeting. Despite recent encouraging euro-zone economic data, the euro is trading at a two-week low against the U.S. dollar.»
Author: Alex Beuzelin
«The prospect of only moderate rate tightening in the future diminished some of the dollar's interest rate appeal.»
Author: Alex Beuzelin
«Lighter-than-usual trading volumes, due to the Assumption Day holiday in Europe, facilitated the single currency's gains.»
Author: Alex Beuzelin