The euro and United Kingdom monetary authorities are catching up to the rate reductions that the Federal Reserve made earlier this year 
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Articles sorted by relevance containing "Tom Benfer"
...Kingdom monetary authorities are catching up to the rate reductions that the Federal Reserve made earlier this year," said Tom Benfer, director of foreign exchange at BMO Capital Markets. The Fed has been aggressively cutting rates, whereas overseas central...
...as investors' mood changed. They put their funds back into the perceived safety of the dollar. "The outlook is bad," said Tom Benfer, foreign exchange vice president at the Bank of Montreal. "There is a fair amount of doubt in the marketplace that this is...
...growth. "The real core issue here is that U.S. rates are low, but I think U.K. rates and euro rates can fall," said Tom Benfer, director of foreign exchange at BMO Capital Markets. "From last year [the U.S.] has already been on an aggressive rate cutting...
...yesterday. The European Central Bank is widely expected to raise the key federal funds rate by 25 basis points, according to Tom Benfer, director of foreign exchange at BMO Capital. The currency market is already "trading today based on a 25-basis-point increase...
...rising inflation and higher oil prices weighed. "There is really a lot of mixed information being thrown at the market," said Tom Benfer, director, foreign exchange, at the Bank of Montreal. The euro bought $1.4644 Friday afternoon, down from $1.4707 late...
... "People are watching oil prices very very closely, because when oil prices spike higher, the dollar tends to go lower," said Tom Benfer, director of foreign exchange at Bank of Montreal in New York. On Wednesday, the greenback lost ground against both currencies,...
...symposium sponsored by the Kansas City Federal Reserve. "Everyone is really waiting for Mr. Bernanke to speak today," said Tom Benfer, director, foreign exchange, Bank of Montreal. Global economies slow. The dollar was sharply higher against the pound after...
...polled by Briefing.com had expected a loss of 75,000 jobs. "I think overall it was kind of a pleasant surprise," said Tom Benfer, vice president of foreign exchange at the Bank of Montreal. "The market was bracing for a potentially poor number and it was only...
Quotes spotlight for "Tom Benfer"
The euro and United Kingdom monetary authorities are catching up to the rate reductions that the Federal Reserve made earlier this year
said Tom Benfer
in CNN
The U.S. dollar is firming up because in a high level of risk aversion, U.S. Treasurys are the investment of choice rather than global equities
said Gareth Sylvester
in CNN
What we are seeing on a daily, weekly basis is the reallocation of wealth ... If you are pessimistic on the global economy, then you are putting money in U.S. Treasurys.
said Gareth Sylvester
in CNN
As the credit crunch has worsened, wholesale business inventories have risen, causing an alarming rise in inventories in Asia Asia strategist with Nomura in Hong Kong. and emerging markets at a time when seasonally these are usually being drawn down
said Sean Darby
We would expect earnings to be further revised down within Asia and global emerging markets
said Sean Darby
The global deleveraging of markets is forcing a run into the yen and the dollar, which are arguably the two cheap funding currencies from the credit boom ... I'd be hesitant, however, to assert that somehow the strength of the dollar reflects a global surge in confidence in the U.S. economy and U.S. markets. This is a rally in the U.S. currency that is a sign of stress, not a sign of relief.
was said
in eTaiwan News
