thoughts for the day



Gary Thayer, chief economist at A.G. Edwads & Sons.

Thursday, July 11, 2002

"The dollar has actually been doing better over the past couple of days than the stock market which might be an encouraging sign that foreign investors think our market is getting cheap."





Monica Fan, senior currency strategist at Bank of America.

Thursday, July 11, 2002

"Dollar sentiment still dominates and it's extremely negative. I expect to see much more bad news about corporate governance in the U.S."





Rob Hayward, senior foreign exchange strategist at ABN Amro.

Thursday, July 11, 2002

"The failure to break higher in the euro yesterday has caused profit-taking -- there is a lot of defence of options positions around parity...There is a threat of intervention in dollar/yen, although the market is gradually grinding lower."



Adam Cole, strategist at Credit Agricole Indosuez.

Thursday, July 11, 2002

"The case for holding the dollar is getting weaker. Downward pressure on the dollar is not over in the longer term."





Tomomasa Noguchi, foreign exchange manager at Mitsubishi Corp.

Thursday, July 11, 2002

"Unless U.S. share prices stabilise, it's just uncomfortable to buy dollars."