Robert Rennie
Robert Rennie
Robert Rennie was the son of William Rennie, the founder of Rennie Seeds, a successful wholesaler and retailer of both vegetable and floral seeds. William retired in 1888, and Robert and two younger brothers John and Thomas took over management of the firm. Robert served as the firm's President until he retired in 1925, when Thomas became President...
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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.
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The further that the Fed takes fed funds and the front end of the curve, the more attractive US-dollar-denominated debt will become to Japanese retail investors.
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Whether the minutes will tell us with any great clarity what lies ahead remains to be seen but at least for the moment the market is basically pricing in two more 25 basis points hikes.
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Markets always price for the worse, then row back when it doesn't happen, ... In this case, as soon as Rita was downgraded, the dollar jumped in a relief rally. It's as simple as that.
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Liquidity has generally gone from the market. I don't think traders would be particularly aggressive and strap additional risk on.
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Today's economic index confirmed the Japanese economy is in a solid recovery. That's yen supportive.
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It's pretty quiet out there and the ranges are likely to hold.
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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.
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Continued strength of commodity markets has been beneficial to the $A, but traders haven't been getting a lot of loving being long.
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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.
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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.
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Machinery orders are important and the better-than-expected numbers will be yen-supportive.
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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.
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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.