Michael Jansen Quotations

I can't imagine it's good for any currency but the Aussie and kiwi dollars bear the brunt of global risk events,

Building approvals are running at an annual negative pace, while house prices for the major cities declined.

Overall, the dollar is flat but it has been quite soft in the New York time zone.

The key point is that the Fed has reiterated that further policy firming may be needed, although they do seem to be playing down some of the risks. The overall impact on the dollar is broadly neutral.

The initial reaction has been to buy dollars, but we've just come back to where we were half an hour before the statement where the dollar was quite weak.

I wouldn't stand in the way of that.

The dollar is largely consolidating after being pummeled the last day and a half and as the market continues to digest the FOMC statement.

The outlook for the New Zealand economy points to relative weakness.

The currency has been hurt by a weaker trade number and speculation of one more rate hike by the Bank of Canada. People are not looking to buy the Canadian dollar right now.

You have to feel confident the next 2 cents in the Australian dollar is down and not up. The market is beginning to contemplate the weakness of the domestic economy in the next 12 months.