24 Quotes by Andrew Busch

It's the worst of all worlds. Clearly there's been a deceleration of the manufacturing sector. That's hurting the dollar, bottom line.

Next 24 to 48 hours critical for a breakdown for the U.S. dollar.

The yield differential continues to favor the U.S. dollar.

The Fed is back to tightening, ... $200 billion in aid more than offsets any problems of Katrina on GDP.

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.

In general if you see oil, gas natural gas and gold all selling off you know the Canadian dollar is probably not far behind.

Initially it provided a basis for people to take profits on their dollar shorts because what the Fed was saying was they may not know with certainty that they will pause (in raising rates) and ....therefore there's no reason to get your groove on and sell dollars.

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.

This has mainly to do with the comments from the (U.S. Federal Reserve) indicating they perhaps are looking at a 'one and done' situation as far as tightening goes for the initial part of 2006.