33 Total Quotes

Ashraf Laidi Quotes

The consensus among currency traders for a continuing weakening of the dollar is overwhelming.
Ashraf Laidi
#Consensus

Today's inflation figures have boosted the dollar across the board on accumulating chances that the Fed will raise interest rates as early as this summer.
Ashraf Laidi
#Inflation

This last comment is crucial, especially when the U.S. Congress last night rejected restrictions on tax cuts and spending, and raised the federal debt limit by $800 billion, to $8.18 trillion.
Ashraf Laidi
#Congress

The budget deficit is on the radar again due to the emergency spending packages and the lack of any freeze or phasing out of tax cuts,
Ashraf Laidi
#Budget

Currency markets go in trends, and this is definitely a trend. We are in the nascent stages of a long-term decline in the dollar.
Ashraf Laidi
#Currency

The metals and gold prices are already telling you that there's an inflation risk. So if they're going to push the dollar weaker, the risk of inflation could be sparked even higher if the dollar falls and oil prices remain at the level they're right now.
Ashraf Laidi
#Gold

Today's trade figures are a stark reminder to the structural deficiencies of the U.S. economy and the reason for our negative dollar outlook for the year despite (its) recent bounce.
Ashraf Laidi
#Economy

Given the aforementioned dynamics, it is more probable for the U.S. trade deficit to continue soaring to record highs than it is probable for foreign capital flows to keep up with swelling imbalance.
Ashraf Laidi
#Trade

Markets always have a tendency to overreact when they have news.
Ashraf Laidi
#News

The riots are definitely doing something. It's the usual story of growing unemployment in the euro zone, social unrest that is at first attributed to ethnicity but is really about unemployment and the lack of jobs.
Ashraf Laidi
#Unemployment

This was a key auction for the dollar as it relieves worries of successful financing of the swelling trade gap.
Ashraf Laidi
#Trade

It's all about anticipation,
Ashraf Laidi
#Anticipation

Today's disappointing labor report supports the notion that the emerging soft patch in the U.S. economy is here to stay.
Ashraf Laidi
#Economy

Japan is really the industrialized country most heavily dependent on oil imports, ... so the most direct impact of higher oil prices is on the Japanese yen.
Ashraf Laidi
#Japan

Markets could see higher risk of slowing activity from a recurring increase in oil prices. In that case, the Fed will safely close the first chapter of the tightening cycle and move to 'wait' mode. Such a plausible scenario would be a negative for the dollar.
Ashraf Laidi
#Risk

Today's data are very heartening, especially after Alan Greenspan yesterday played down any potential risks that the United States is having difficulty in financing its trade deficit.
Ashraf Laidi
#United States

Past history indicates a relationship between the background of the U.S. treasury secretary and the direction of the U.S. dollar.
Ashraf Laidi
#Relationships

You don't have to be a currency analyst to get your story right about the dollar.
Ashraf Laidi
#Currency

This is how you make money without venturing abroad.
Ashraf Laidi
#Money

As senior staff come back from the holidays, they are seeing these positions open and just taking some profits.
Ashraf Laidi
#Profits #Holidays

The riots are definitely doing something, ... It's the usual story of growing unemployment in the euro zone, social unrest that is at first attributed to ethnicity but is really about unemployment and the lack of jobs.
Ashraf Laidi
#Unemployment #Jobs

Markets always have a tendency to overreact when they have news,
Ashraf Laidi
#Tendency

There is a good chance that CPI will be higher than expected. But the question is not only will the CPI reflect the increase in wholesale inflation but whether it will be carried into subsequent months,
Ashraf Laidi
#Inflation

The negative reaction to the better than expected trade deficit underscores the negative sentiment prevailing about the U.S. dollar, ... The dollar was already under downward pressure. Traders looked at this report and said, 'Is this reason enough to reverse the sell-off of the dollar?' The answer was no. It is the third highest trade gap of all time. It is less than $4 billion from the record high. We're not far from hitting another one.
Ashraf Laidi
#Gap

After the dollar got hit most of last week following the record U.S. current account deficit, coupled with violence in Iraq and Saudi Arabia, players are now looking to partially unwind their dollar shorts and await tomorrow's ZEW (economic sentiment) survey out of Germany,
Ashraf Laidi
#Germany

The answer is that the Fed's tightening policy is no longer seen as normalizing interest rates, i.e. taking fed funds back to neutral. Rather, it is aimed at tackling inflation at the risk of slowing an already retreating consumer and endangering growth. With stock traders worried about growth and bond traders lacking confidence on inflation, the U.S. currency is apt for a reassessment by yield chasers.
Ashraf Laidi
#Risk #Inflation #Interest Rates