Steven Englander
Steven Englander
assault dollar feels serious since
This is most serious assault on the dollar since January. This feels different.
community enforce expectation force hold police sort standard
The police force isn't big enough to enforce that sort of thing. This is where community expectation and standard will have to hold sway.
dollar harder
ECB hawkish-ness will make it harder to keep the dollar where it is.
change policy unlikely
It's very unlikely that ECB policy is going to change with any of the likely successors.