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The move announced by the RBI is expected to improve liquidity in the derivatives market, one foreign bank dealer
''There is also an expectation that the European Central Bank will cut rates and the euro is expected to edge down,'' the senior Japanese bank dealer
"The market is now convinced that the PBOC is taking action to let the yuan stage a mini-revaluation and many of us expect the yuan to continue to rise steadily in coming weeks to reach 6.6 or even stronger," a Chinese bank dealer
in Shanghai said.
The main thing is that the demand for the Golf has jumped considerably," said BW Bank dealer
''The dollar is poised to face selling on the Middle East situation,'' a New York-based major Japanese bank dealer
The dollar is unlikely to regain that level even with the strongest BOJ intervention," the British bank dealer
"The central bank has really made it impossible for anyone to keep any kind of long, or even short, position in the foreign exchange market," one foreign bank dealer
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''The situation does not allow us to be totally optimistic about the euro,'' a major bank dealer
"There is a strong possibility of the BOJ carrying out dollar-supporting intervention in Tokyo next week," the Japanese bank dealer
employment data turn out to be stronger than expected, the currency could reach the upper limit of the projection, the Aozora Bank dealer