|
FXA in the News
|
|
From the New York Times - July 12, 2001 ... The Brazilian real also fell to its lowest level since it began trading freely in 1999, and some Latin American stock markets declined. "I would say it is a function of contagion," said David Gilmore, a partner at Foreign Exchange Analytics in Essex, Conn. "Argentina is sending a shiver through investors' mindset."... From the Washington Post - June 10, 2001 ... David Gilmore of Foreign Exchange Analytics told his firm's clients last week that if the dollar were to fall and foreigners cut back on their investments here, "interest rates will rise and the economy will be at greater risk of recession." Furthermore, Gilmore said, "the United States is sensitive to the problems Japan faces in implementing painful structural adjustment" in its economy. "Sanctioning dollar weakness means yen strength. The last thing Japan need(s) in coming months is a rising yen." From the London Times - March 31, 2001 ... "Clearly officials saw a need to clarify policy in the wake of speculation of an imminent easing," said David Gilmore, of Foreign Exchange Analytics. "The wait-and-hold policy remains firmly intact." From the Washington Post - March 29, 2001 ... I think the markets got very accustomed to a hands-on role from Rubin and [his deputy and successor Lawrence H.] Summers, and now we've got laissez-faire capitalists in charge," said David Gilmore, a partner at Foreign Exchange Analytics in Essex, Conn. "There's an expressed indifference to financial market stress. Reluctantly, O'Neill and even Bush in his speech yesterday seemed to have come around to addressing investor confidence and realized they've got to do more than just let the markets sleep where they may."... From The New York Times - March 22, 2001 ... David Solin, a partner at Foreign Exchange Analytics, said he had recently seen America companies with business abroad hedging against a further decline in the value of the euro. This has led to transactions in which euros are in effect sold for dollars to lock in current rates, something that would give the dollar a boost. He said many companies had been caught unprotected because the consensus forecast for this year had been for a euro rally... From SmartMoney.com - November 30, 2000 ... On Thursday, the dollar fell 1.7% to 87.23 cents per euro, its lowest level since Nov. 3. In the past week, it has moved down by more than 4% against the European currency. In the world of foreign exchange, "that's a significant move for a week," says David Solin, a partner at Essex, Conn. - based Foreign Exchange Analytics... From the Wall Street Journal - October 23, 2000 ... "There doesn't seem to be any reason to question the almighty dollar," said David Gilmore, a partner at Foreign Exchange Analytics in Essex, Conn. As Euro bulls learned last week, a rebounding U.S. stock market can be a powerful force in the currency market, Mr. Gilmore said... From the Wall Street Journal - October 19, 2000 ... David Gilmore, a partner at Foreign Exchange Analytics, Essex, Conn., noted that the dollar is - or in the last few days has been - at record highs against the currencies of South Africa, Australia, New Zealand, Chile and the Philippines. It is also at an 11-year high against the Swiss Franc, a 28-month high against the Thai baht, a two-year peak against the Singapore dollar and an 11-mont high against the Brazilian real. Against a basket of currencies adjusted for U.S. trade flows, the dollar stands at a 14-year high, noted Mr. Gilmore... From the Wall Street Journal - October 17, 2000 ... Nevertheless, Mr. Duisenberg adds to (the) euros volatility. "Duisenberg is a rare exception among leading central bank heads," said David Gilmore, a partner at Foreign Exchange Analytics, an Essex, Conn., firm that advises institutions on global currency markets. "He seems to relish controversy, fails to learn from his mistakes and ultimately invites the market to come to bury, not praise him." From The Wall Street Journal - October 11, 2000 .... "Initially, I'm not sure there will be a whole lot of repatriation or activity until this thing gets resolved." said David Solin, partner at Foreign Exchange Analytics in Essex, Conn. "Really what's important is how its handled. .... What people don't want to see is the government strong-arming and forcing another life insurance company to bail them out." From The New York Times - September 19, 2000 ... "If you were expecting a bounce this year, you might not have hedged," said David Gilmore , a partner at Foreign Exchange Analytics in Essex, Conn. From Forbes Magazine - July 24, 2000 .....Ahold shares may still be a good value: in euros they are up only 3% year-to-date; in dollars, down 4%. David Gilmore, a partner at Foreign Exchange Analytics, a research boutique in Essex, Conn., thinks that the euro is near bottom, but unlikely to drastically appreciate over the next 12 months. That would be good news for stocks such as those on our list..... From The New York Times - January 28, 2000 ...."There is a sense that there is a policy of benign neglect," said David Gilmore, a partner at Foreign Exchange Analytics, a consulting firm in Essex, Conn. "The Group of Seven just met and didn't mention the euro in the communiqué," he said, referring to the meeting of finance officials of the seven leading industrial nations...... From The New York Times - November 30, 1999 ....."The yen should not be as strong as it is now, but it is," mused David Gilmore, a partner in Foreign Exchange Analytics in Essex, Conn. "And the euro should not be as weak as it is now, but it is."..... From Business Week - October 25, 1999 ... The Fed worries that stock prices are climbing too high but resists strong-arming its partner for fear that the market will over react. "The Fed is too wrapped up in what the markets think," gripes David S. Gilmore, a partner at currency consultants Foreign Exchange Analytics. "It's as if they're making policy on the basis of CNBC broadcasts."... From USA Today - September 10, 1999 ......IMF First Deputy Managing Director Stanley Fischer called the dollar's fall ''orderly'' and noted the currency was still significantly higher than its trough reached over four years ago. He suggested there's room for the dollar to fall further to help boost U.S. exports and bring down the trade deficit. David Gilmore, a partner at consultants Foreign Exchange Analytics, says there's a good chance the dollar will drop to 100 yen by the end of the year..... From USA Today - September 9, 1999 .....''The market is going to be looking to them to put up or shut up,'' says David Gilmore, partner at Essex, Conn.-based Foreign Exchange Analytics..... From The Washington Post - August 4, 1999 ......."If this administration's thinking about what can go wrong in the next 18 months, the dollar has got to be pretty high on the list," said David Gilmore, a partner at Foreign Exchange Analytics, an Essex, Conn., firm, adding in a reference to the presidential aspirations of the vice president: "It could be make or break for Gore." "This is the number one threat to the continued expansion of the economy," agreed C. Fred Bergsten, director of the Institute for International Economics..... |