Lee Ferridge People Quotations

There is a growing realization that the Chinese move last week was not as huge as some interpreted it to be. Now people have worked out that it is not that significant a move.

We've just seen some stop-losses and it looks like people chose the downside.

Without fresh good news on the U.S., the current account worries come back to the fore so people worry about the dollar. With stocks it's a question of how much good news is already priced in.

A lot of people bought the yen following Koizumi's victory and now they're feeling the squeeze. The yen has got about as much as it was going to get from the election result and now people are taking the opportunity to sell.

People are still digesting Friday's data and wondering whether the short-term reaction to sell the dollar was right,