Surveillance: Fed Downshift with Emanuel
Bloomberg Surveillance
00:00
Is the Dollar a Safe Haven?
The dollar is a safe haven, the dollar also reacts to slower world growth. Until you can answer those questions, I think the dollar retains a fair amount of strength. And with respect to the euro, yes, energy prices have come lower in October, and that's great news. But it won't stop. Big chemical companies, aluminium smelters, halt manufacturers moving out of Europe because they know this is not a one winter problem. If we move into the proper winter, after Christmas into January and February, if it gets cold then there could be warnings about recession.
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