
Surveillance: ECB, Fed Raise Rates
Bloomberg Surveillance
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The Dollar Is a Self-Fulfilling Prophecy
Dollar is weakening because it's become a bit of a self-fulfilling prophecy. Risk tends to perform better in a weak dollar environment. US rates are higher than European rates and the European data is rolling over far more quickly. So we're marginally long the dollar here. We think already the market's got a little bit over excited, but short term, as I say, the market tends to run with the themes it wants to. But positioning is a bigger headwind medium term. You see what you want right? I know, it's always the way. Exactly. Everybody sees what they want. It'salways the way. James, I just wonder, I know what
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