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Steve Barrow Quotes
«[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.»
Author: Steve Barrow
«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.»
Author: Steve Barrow
«They have talked in slightly more dovish terms [about a rate hike] recently, and growth data have slackened off,»
Author: Steve Barrow
«People are clutching at straws if they think that the G20 will offer some kind of supportive comment for the euro,»
Author: Steve Barrow
«There are other countries at the G20 that are aggrieved at the weakness of their currency against the dollar - Australia for one.»
Author: Steve Barrow
«Everyone is looking towards (U.S. Treasury Secretary) Larry Summers from the U.S. to tone down his comments on the dollar. His comments at the G20 are crucial if central banks are to intervene again to prop up the euro.»
Author: Steve Barrow
«The ECB needs to raise interest rates to stop a big slide in the euro, ... We doubt the German economy will slow down as is predicted.»
Author: Steve Barrow
«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.»
Author: Steve Barrow
«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.»
Author: Steve Barrow
«Worse still, there are ominous signals from the U.S. that the ECB might not have a willing ally in the Republican Party, if the GOP gets its feet under the desk at the Oval office on Nov. 7, ... Bush's chief economic advisor Lawrence Lindsey suggested that the U.S. was wrong to intervene on behalf of the euro.»
Author: Steve Barrow