Ashraf Laidi Quotes

Today's trade figures are a stark reminder to the structural deficiencies of the U.S. economy and the reason for our negative dollar outlook for the year despite (its) recent bounce.

- Ashraf Laidi

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Trade | Figures | Stark | Reminder | Structural |

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After the dollar got hit most of last week following the record U.S. current account deficit, coupled with violence in Iraq and Saudi Arabia, players are now looking to partially unwind their dollar shorts and await tomorrow's ZEW (economic sentiment) survey out of Germany. - Ashraf Laidi

Past history indicates a relationship between the background of the U.S. treasury secretary and the direction of the U.S. dollar. - Ashraf Laidi

Those who expect further rate hikes can note that the real Fed Funds rate has yet to reach at least 3 percent... But with oil prices rising 58 percent since last June (when rates started to rise) and with U.S. manufacturing nearing contraction, the bond market is telling the Fed that it had better not raise rates further. - Ashraf Laidi