“They have decided enough is enough. We don't expect the won to weaken dramatically, but further strength at the pace that we've seen will be prevented.”
“You cannot strengthen the weak by weakening the strong.”
“We have been expecting this system to weaken for the last few days, but the system has not weakened. I cannot speculate about it because we don't know why.”
“I think the Japanese are concerned with the pace of the yen weakening and you have seen comments from Japanese officials stating that.”
“Given the increased correlation between base and precious metals over recent months, any further weakening in base metal prices would be a distinct drag on gold.”
“The central bank wanted the peso to weaken, so if it is weakening, one of their incentives to cut rates is no longer there.”
“Commodity funds now believe that the dollar can only weaken further so they have nothing to lose by getting heavily into gold.”
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