20 Quotes by Robert Rennie

Traders have jumped on the headline and people have shouted out China is going to make the currency convertible. China is not going to make the currency convertible; they are going to allow domestic investors to invest in foreign markets.

We see this as something that will increasingly weigh on the New Zealand dollar as we move through 2006. Fresh demand will be very limited.

Continued strength of commodity markets has been beneficial to the $A, but traders haven't been getting a lot of loving being long.

As long as economic data meet and beat expectations, the dollar will continue to strengthen. The Fed has a good reason to be pro-active rather than passive. The ECB has good reason to be passive rather than pro-active.

The yen is weakening so much versus other currencies. The pace of decline of the yen is causing stress and strain within Asia, where central banks may be showing some concern.

The report will be positive for the dollar. Along with a good prospect for the GDP report due Oct. 28, we will see the dollar remain strong this week.

It's pretty quiet out there and the ranges are likely to hold.

There's two things you know about the weather: One, you can't stop it; and two, you can't predict it. I wouldn't want to be heavily involved in foreign- exchange markets in next 24 hours.

The dollar does feel as if it's gone a very long way against the euro and in a very short time.