Daily Sound Bites

DAILY SOUND BITES

A daily review of comments from selected officials across the globe and their respective insights into global macro economics as related to the foreign exchange market.....

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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GeithnerUSD will remain the world’s main reserve currency for a long time to comeCanada FinMin Flaherty strength of Canadian Dollar is a vote of confidence for economy, but hopes it doesn’t become too strong too fastJP Morgan Chase’s Chairman & CEO Dimon US needs a strong dollarPM Brown calls on EU leader to keep stimulus packages in place until recovery is securedBoC Carney USD is the reserve currency of choice and expects it to maintain this status for the foreseeable future. Notes also that nothing from the financial crisis has led BoC to change is view that Canada is best served by floating exchange rates and inflation targetingECB’s Gonzalez-Paramo – the Bank will progressively withdraw stimulus, but with an eye to maintaining price stability and market conditions.Indonesian FinMin Sri Mulyani recent USD gains driven by speculation about US interest rate hike.