Surveillance: Fed Cuts with Ausenbaugh
Bloomberg Surveillance
00:00
Eurodollar: Can It Still Be Bullish in Long Euro?
Eurodollar has really fallen from the one-twelve handle to where we are today, just below one-ten. We need to have some sign that either the US Disinflation story is strong enough and we'll see that dollar weakness. If we get that sort of story, then Eurodollar can be supported from the rates angle. But if equities go to 5,000 in the S&P like your previous guests were talking about, then the only way is for dollar weakness in that environment,. In my view.
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