Tony Norfield Quotations

The potential for the euro to fall is pretty limited from here. The dollar is not going to get the same support we saw last year from rates now, and the euro zone economy is looking more solid.

We don't have much of a history that would tell us what the ECB is going to do. All sorts of scenarios are possible.

We don't have much of a history that would tell us what the ECB is going to do, ... All sorts of scenarios are possible.

We have a bit of a conflict between the cyclical factors, which are still reasonably positive for the dollar, and structural worries that are going on.

This is screwed up big-time, the whole intervention program. It's possible that there will be more intervention, but it's unlikely the U.S. will join in again.

This is unlikely to be a significant negative for the dollar. They're unlikely to start moving heavily out of dollars as U.S. assets still yield more than in Europe or other countries.

It's another case of euro-optimism being dashed by events,

It's an incremental step to develop its foreign-exchange market and make its currency more transparent. The central bank has been heavily involved in the market and will probably still intervene.

The U.S. economy is still doing fine, and the economic numbers are showing that. That means there's likely to be another two more rate increases, rather than just one, and that's going to support the dollar.

The U.S. economy is showing no signs of losing steam,

On a short-term trading view the euro looks pretty awful,

It highlights that a great deal of investment is flowing out of the euro area and into the U.S., the U.K. and elsewhere,

If everything remains the same, the euro should be closer to $1.08 than $1.02,

The euro has lost ground against every other currency, apart from the Brazilian real and a few eastern European ones,

All year the euro has been damaged by comments emanating from German politicians,

The dollar started a bit stronger today, then weakened a bit after the broadcasting of the bin Laden audio tape.

All the factors point to an upturn from here,