Global Head Of Currency Strategy at Brown Brothers Harriman Marc Chandler joins me today to outline a major shift underway in currencies. Over the past year the trade has been short USD / long Euro. This is no longer the case.
The past expectation was that the ECB and BoJ were going to take a more hawkish stance moving forward and that is why the Euro was strengthening. I doubted it would be as smooth as lots of spec traders anticipated and now that is becoming the case. Marc addresses some key points that need to be considered for all the Euro bulls.
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