Tom Keene's EconoChat

摘要

My sense is in the very short term, the euro is headed higher. I think that the market is a bit euphoric about what [European Central Bank President Mario] Draghi said or didn't say. I've noticed that there has been a very sharp drop in Spain's two-year yield. So we get a little pop-up in the euro, then a selloffin September. As you get into the election season in the U.S. and the fiscal cliff, maybe a little bit more stability for the euro. I think a year from now that the dollar is going to be stronger, the euro weaker, below $1.20.