Gavin Friend Quotes

We're expecting just two rate increases by the end of next year. That's not enough to help the euro. - Gavin Friend

There is a risk today (Thursday) of euro/dollar trading weaker and of a test of the resistance area around 1.2200/1.2170 dollars, particularly if the US data is better than expected. - Gavin Friend

The U.S. labor market continues to tighten and the implication is the Fed will need to raise rates. Anything above 250,000 jobs today and the dollar will continue to push higher. - Gavin Friend

The U.K. economy will probably perform under trend again next year. The pound will fall early next year. - Gavin Friend

The hike... was in line with expectations, but by raising inflation and growth forecasts for 2006/2007, the window of opportunity for further rate hikes remains open. - Gavin Friend

Strong employment growth in connection with a further decline of unemployment rates could further strengthen (US) rate rise expectations and cause the euro to test 1.20 dollars once again. - Gavin Friend

Most of us expect him to reiterate the Fed's commitment to fighting inflation and as long as he does that the dollar should hold up relatively well. This could be the trigger for the next move higher in the dollar. - Gavin Friend

It's difficult to argue against a stronger dollar. The Fed has clearly telegraphed it will continue raising the rate through the year. - Gavin Friend

I don't think the market will push far before the Fed statement. If they remove the sentence implying some further measured tightening then the dollar is at risk. - Gavin Friend

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