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...
machinery numbers orders
Machinery orders are important and the better-than-expected numbers will be yen-supportive.
beneficial commodity continued loving markets strength traders
Continued strength of commodity markets has been beneficial to the $A, but traders haven't been getting a lot of loving being long.
additional aggressive generally gone risk traders
Liquidity has generally gone from the market. I don't think traders would be particularly aggressive and strap additional risk on.
confirmed economic economy economy-and-economics japanese solid
Today's economic index confirmed the Japanese economy is in a solid recovery. That's yen supportive.
raises rates surprised tend year
I'd be surprised if the BOJ raises rates at all this year and that is something that will tend to see the yen underperforming.
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Base metals are up suggesting there are good prospects for global growth. The risk of higher inflation from higher oil prices is pushing up gold.
demand dollar fresh move weigh zealand
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.
likely quiet
It's pretty quiet out there and the ranges are likely to hold.
ahead basically basis clarity great lies market minutes moment points pricing remains seen whether
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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I think the market has had a free swing at selling the (US) dollar and has shown to ignore a pretty good sell-off in the bond market.
allow china currency domestic foreign headline investors people traders
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.
beat continue data dollar economic fed good meet passive rather reason
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 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.
along dollar due good positive prospect remain report strong
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.