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Bob Lynch Quotes
«The headline (number) was clearly disappointing, but it remains to be seen whether weakness in the Philly Fed will be reflected in the national ISM index and whether this is a temporary phenomenon or a more permanent decline in the business outlook.»
«The vast majority of recent comments by ECB officials showed a true reluctance to intervene.»
«The strong U.S. economy was behind the dollar's rally, so signs of slowing are hurting the dollar.»
«The euro is doing fine. It is consolidating, but in general will continue to strengthen.»
«The euro rallied from mid-May to early June on the slower U.S. growth story.»
«There is speculation that the BOJ could raise rates as early as July. I'm not convinced, however, that this bout of yen strength is going to be maintained that much longer.»
«The jobs report only goes part of the way toward confirming slower U.S. growth. It is not enough to push the euro up to 97 cents anytime soon.»
«The European Central Bank is worried that weakness in the euro will result in inflation.»
«Higher rates will dampen growth, which would be negative for the euro.»
«Most market participants didn't believe there would be ECB intervention, let alone coordinated intervention with the United States.»