Bush will continue to keep the pressure up but China isn't going to bow to political pressure. People are paying attention to this, but it's not moving the currency markets and China's unlikely to move again anytime soon.
More Quotes from Simon Derrick:
Even a hint that the Bank of Japan may be getting near to ending its quantitative easing, and raising rates, is going to lead to large moves in the yen. People have been so positioned for it to go down.Simon Derrick
The market will therefore be eyeing today's ISM report and Friday's University of Michigan survey with this in mind.
Simon Derrick
A batch of downbeat US economic data underpinned some market doubt over the Fed's inclination towards higher interest rates.
Simon Derrick
U.S. economic growth is looking very robust and we shouldn't be assuming the Fed is close to the peak in interest rates yet. The dollar can push higher.
Simon Derrick
The big support that Fed rate increases had been giving the dollar is starting to wane and the minutes made that clear.
Simon Derrick
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Based on Topics: People QuotesMen admire the man who can organize their wishes and thoughts in stone and wood and steel and brass.
Ralph Waldo Emerson
The essence of being human is that one does not seek perfection.
George Orwell
The nations of the West hope that by means of steam communication all the world will become as one family.
Townsend Harris