Stephen Jen
Stephen Jen
beginning believe euro financial game
This could be the beginning of an interesting game between the ECB and the financial markets. If they believe the ECB has miscalculated they will take on the euro like never before.
balance capital exchange rate
It's all a very incremental process. They want to rebalance the capital inflows and outflows. Without a balance in flows, you wouldn't want to let the exchange rate find its own place.
beginning doubt strongly wholesale
I strongly doubt that this will be the beginning of wholesale diversification from U.S. dollars.