Neil MacKinnon Quotes

The dollar has started the week on a firm note and the ISM numbers this afternoon are expected to confirm improving confidence.

- Neil MacKinnon

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Dollar | Started | Week | Firm | Note |

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As far as the European Central Bank is concerned, they remain inflexible. Recent inflation numbers suggest that there's been some rounding up of prices as a result of the introduction of the euro. That means that the room to maneuver cutting interest rates is limited. That's a negative for the currency. There's also political risk from French and German elections this year. - Neil MacKinnon

As far as interest rates are concerned, zero growth puts a 50 basis points cut back on the agenda at this week's Federal Open Market Committee meeting. - Neil MacKinnon

The dollar has started the week on a firm note and the ISM numbers this afternoon are expected to confirm improving confidence. - Neil MacKinnon