The Dollar Rises With Crypto And Gold - What Gives? | Michael Nicoletos at DAS: London
Forward Guidance
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The Euro-Dollar Cross
Michael Bociurkiw: The euro-dollar cross is a euro-dollar we all know. Emerging markets will face a bigger problem than the euro because the euro has swap lines. He says emerging markets tend to borrow in foreign currency because their local currency interest rates are very high. In Turkey, for example, it used to be four lira for every dollar and now it's 10 lira for every dollar.
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