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Strategies & Market Trends : Currencies and the Global Capital Markets
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To: Henry Volquardsen who wrote (2642)12/22/2000 3:41:31 PM
From: Archie Meeties  Read Replies (3) of 3536
 
It's not just the euro traders. You'd be pained to find a soul anywhere that believes that rates (first in the US but later in Europe) will not drop at least 75 bp over the next 2-3q's, with the first round imminent. I expect many have invested accordingly and consequently the first fed cuts will be met with selling (after a day or so of euphoria), just as fed hikes were met with buying in 99.
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