Gerry Celaya
Gerry Celaya
coming fed hold people raising view willing
People are willing to hold dollars. People are coming around to the view that the Fed is going to keep raising rates.
beginning deficits dollar economy helped reason saw
They saw the deficits widening, and saw no reason to think the dollar wouldn't drop. In fact, the U.S. economy was beginning to look stronger, and that helped the dollar.
against beer confirm dollar europe european found helped percent view
We found beer was costing more than 50 percent more in Europe than in the U.S.. That really helped confirm our view that the dollar must strengthen, especially against the European currencies.