Gerry Celaya
Gerry Celaya
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.
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.