50 Quotes by Steve Barrow
- Author Steve Barrow
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History has shown currency intervention is a long drawn-out battle, ... It will take weeks, if not months, with or without the U.S., to boost the euro. It'll take a miracle.
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People are clutching at straws if they think that the G20 will offer some kind of supportive comment for the euro. There are other countries at the G20 that are aggrieved at the weakness of their currency against the dollar -- Australia for one.
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Markets are nervous about the outlook for euro entry. The market is pricing in the possibility of a remote chance of entry into the euro in the next parliament.
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Markets are nervous about the outlook for euro entry, ... The market is pricing in the possibility of a remote chance of entry into the euro in the next parliament.
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I'm still skeptical whether we will see a hike from the ECB this year. The fact the ECB won't deliver on rate hikes this year will probably pull the euro back.
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Will the market push on for $1.05 this year and $1.10 by this time next year? We definitely believe that it will be the latter.
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We don't expect a cut and we're not even convinced there will be a change in the Fed's bias. If the market is factoring in a cut, then it may come a cropper as a result.
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With the FOMC meeting tomorrow the market is hardly going to care too much for the US data today.
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We believe the euro could slide to 85 cents and things could get a lot worse, with the Danish referendum going against joining the euro.
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