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The weird resilience of the EUR - Guest: Jens Nordvig

Macro Mondays

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The Importance of Transport Substitutes in the Economy

The reason why the German, you and Europe's number picked up again was because of transport subsidies. Emile: It makes it a whole lot more difficult to predict these trends since political decisions basically mess up the trends. And we've actually had momentum in the last couple of days here again. The dollar seems to take a step up the ladder and at the expense of everyone else.

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