Gerry Celaya
Gerry Celaya
break everybody level six thinking thousand zone
Six thousand is the congestion zone from when we started collapsing. Everybody is thinking it was a big psychological level on the way down, it's going to be a big psychological level to break on the way up.
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.