16 Quotes by Sean Callow

Australia's dollar is obviously growth sensitive and the market won't muck around in pricing it down when commodity prices fall.

They're clarifying that rates aren't going to be cut. That indicates the coast is clear and allows people to put money into Indonesia to take advantage of the high yields.

Strong commodity prices certainly do the Australian dollar no harm. But as we have seen, yield spreads are far more potent for the Australian dollar.

Talk of repatriation started in mid-July, particularly in Asia. Asian equities have performed poorly in recent days and therefore money is leaving Asia and returning to the U.S. Investors are looking to take profits to cover the losses elsewhere.

Talk of repatriation started in mid-July, particularly in Asia, ... Asian equities have performed poorly in recent days and therefore money is leaving Asia and returning to the U.S. Investors are looking to take profits to cover the losses elsewhere.

They've left the deposit rate unchanged, so they clearly don't want to make the yuan any more attractive then it already is.

The Japanese still want to buy foreign bonds, particularly with U.S. rates ramping higher. Realistically, the BOJ is a story for a few months down the road in terms of being yen positive.