31 Total Quotes

Steve Barrow Quotes

Do we think it's going to happened? Not in the U.S., so then not in Europe, ... But then there's no evidence that the economy is going to show strong recovery either.
Steve Barrow
#Europe

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.
Steve Barrow
#Believe

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,
Steve Barrow
#Believe

As things stand, the measures and the tone employed by the [currency] pair does not seem strong enough to turn market sentiment on a sixpence. Most likely the bank will have to continue to intervene heavily to stem the strength.
Steve Barrow
#Currency

This talk of tax reform will come and go. But we need the economy looking brighter, otherwise putting action plans together is just fighting a losing battle.
Steve Barrow
#Action

This is a problem of their own making, ... having two targets for money supply, which is heading higher, and inflation, which is on the way down. The ECB has to decide on one target.
Steve Barrow
#Inflation

A combination of a Bush victory, Republican majority in the House and Senate, together with benign neglect of the dollar could send euro/dollar down into the 70-cent to 75-cent range.
Steve Barrow
#Majority

A combination of a Bush victory, Republican majority in the House and Senate, together with benign neglect of the dollar could send euro/dollar down into the 70-cent to 75-cent range,
Steve Barrow
#Majority

Fed speakers are saying they are going to be vigilant on inflation and if the data suggests they haven't done enough, they will do more. It's a short-term buying opportunity for the dollar.
Steve Barrow
#Inflation

Inflation in the short-term could head lower than 1.5 percent, that would be at the lower end of the government's target range,
Steve Barrow
#Inflation

We'd like to see it at the next meeting on Nov. 30. Underlying inflation is moving higher and Europe's economy is still strong. We will have to see what happens in the next two weeks ? it may be the next rate hike is pushed into next year.
Steve Barrow
#Economy

The focus next year will again be on the Fed -- we expect Fed funds to go up to 5 per cent, higher than levels priced into the markets.
Steve Barrow
#Focus

Any thoughts that the Fed may end the tightening process are likely to be dashed and that will probably support the dollar.
Steve Barrow
#Support

We've seen some selling earlier this week, but a good number will show the general strength of the U.S. economy and help the dollar. Payrolls will be the key indicator as far as the Fed is concerned.
Steve Barrow
#Strength

[The ECB] has egg on its face, ... The conventional wisdom is for a central bank to buy on the upward momentum. The euro was doing well until the ECB decided to step in. It's a bad, bad day at the office.
Steve Barrow
#Wisdom

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.
Steve Barrow
#History

They have talked in slightly more dovish terms [about a rate hike] recently, and growth data have slackened off,
Steve Barrow
#Growth

People are clutching at straws if they think that the G20 will offer some kind of supportive comment for the euro,
Steve Barrow
#People

We still hold firm to the belief that the euro will fall to 80 cents, ... At that level the ECB is most likely to intervene.
Steve Barrow
#Belief

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.
Steve Barrow
#People

We feel that the ECB should take inflation by the scruff of the neck and raise rates by a half percentage point,
Steve Barrow
#Inflation

We feel that the ECB should take inflation by the scruff of the neck and raise rates by a half percentage point.
Steve Barrow
#Inflation

We still hold firm to the belief that the euro will fall to 80 cents. At that level the ECB is most likely to intervene.
Steve Barrow
#Belief

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.
Steve Barrow
#People

There is speculation in the market that a Dutch company is selling euros.
Steve Barrow
#Company

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.
Steve Barrow
#History

They have talked in slightly more dovish terms [about a rate hike] recently, and growth data have slackened off.
Steve Barrow
#Growth

However, it is not all bad news as the slide was largely driven by a strong 27.3% rise in imports. While this reflects oil prices, to some extent, underlying imports are rising, which bodes well for the economy.
Steve Barrow
#News

If the Fed pauses at 4.5 percent, the risk would be the Fed has stopped too early and they would have to restart the tightening process. That would be a big supporting factor for the dollar.
Steve Barrow
#Risk

The dollar still looks like a good buy. People are going to need to adjust to more rate increases from the Fed, so that's going to give the dollar a push.
Steve Barrow
#People