25 Sep 2013
Flash: USD supported on Russian-US Syria talks - Investec
FXstreet.com (Barcelona) - Jonathan Pryor, Corporate Treasury Analyst at Investec notes that yesterday, support was given to the dollar when reports hit the newswires that the Russian Deputy Foreign Minister said that the US talks with Syria are not going smoothly and he felt that the threat of military action is only delayed.
Key Quotes
“The reaction saw GBP/USD drop almost half a cent and highlights just how quickly markets can move if spooked by random comments from state officials.”
“In the UK, a number of MPC members were also speaking with David Miles and Paul Tucker singing from the same hymnbook – they both set out make it clear they did not see any chance of imminent interest rate rises, sighting that despite the better economic data of late there was still considerable slack in the economy that would prevent unemployment falling and consequently stimulus being withdrawn.”
Key Quotes
“The reaction saw GBP/USD drop almost half a cent and highlights just how quickly markets can move if spooked by random comments from state officials.”
“In the UK, a number of MPC members were also speaking with David Miles and Paul Tucker singing from the same hymnbook – they both set out make it clear they did not see any chance of imminent interest rate rises, sighting that despite the better economic data of late there was still considerable slack in the economy that would prevent unemployment falling and consequently stimulus being withdrawn.”