Currency Analysts

Michael Woolfolk, economist at Bank of New York

Thomson Financial News - "The dollar appears set for a period of renewed stability in 2008 as long as interest rate differentials and the US credit crisis do not deteriorate any further." (Dec 17, 2007 12:34PM)

Katarzyna Zajdel-Kurowska, polish deputy finance minister

Thomson Financial News - "The biggest threat for inflation next year remains fuel prices and rising global demand for agricultural produce. We can, however, assume that together with a likely fall in food prices in the second half of next year inflation will start to fall. It is clear that the recent rise in inflation is due chiefly to rises in food prices. On the other hand, core inflation remains low, which shows that for now we are not threatened by second round effects." (Dec 17, 2007 11:30AM)

Robert Brusca, economist at FAO Economics

Reuters - "This is still a big deficit even though we had some modest reduction. Some of that progress is due to the fact that imports have been restrained and the economy is weakening." (Dec 17, 2007 10:41AM)

Carlos Leitao, chief economist at Laurentian Bank

Reuters - "The prevailing view is that Canadian inflation trends resemble U.S. inflation, which is not the case. And so when the numbers come out tomorrow, I think that will probably wake people up. And it will give the Bank of Canada all sorts of room to cut rates." (Dec 17, 2007 10:39AM)

Stewart Hall, currency strategist at HSBC

Reuters - "(It's) largely a story for currency markets in that it is helping to flesh out some of the details behind the rather substantial appreciation in CAD in the month of October -- flow related as takeovers crowded in demand for the currency." (Dec 17, 2007 10:39AM)

Greg Anderson, director of fx strategy at ABN Amro

Reuters - "It's clear that private foreign investors' appetite for U.S. assets improved in October relative to August and September ... but the outlook deteriorated for U.S. assets in general by the time we got to November." (Dec 17, 2007 10:38AM)

C.J. Gavsie, director of corporate and institutional foreign exchange sales at the Bank of Montreal

Dow Jones - "Definitely, some of the economic numbers would lead us to the conclusion that the U.S. should find some legs versus (the Canadian dollar), but I think the majority of the appreciation for the Canadian dollar came before the numbers." (Dec 17, 2007 10:35AM)

Marc Chandler, chief global currency strategist at Brown Brothers Harriman

Thomson Financial News - "The October TIC data was stronger than expected and it came on the heels of a smaller than expected (third quarter) current account report." (Dec 17, 2007 10:34AM)

Robert Lynch, head of G10 foreign exchange strategy at HSBC

Dow Jones - "The factors behind the (dollar's) rebound are similar to those we cited Friday. Critical among them is the perception of further progress towards resolving the credit crunch." (Dec 17, 2007 10:33AM)

Junko Nishioka, senior economist at ABN AMRO Securities

Reuters - "Business sentiment has been worsening. But except for the housing sector, capital spending is firm. Corporate activity remains strong. The Bank of Japan is likely to maintain its overall economic assessment." (Dec 17, 2007 7:21AM)

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