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  • I think we have got another 20% to go

  • before I feel satisfied that the US has reached

  • that "weaker dollar policy" we're looking for.

  • And if that's the case,

  • you're looking them at 130, 125, 135

  • sort of over the next 6 month to a year.

  • At least on the dollar index,

  • we're now lower than we were right before the 2016 election.

  • Right, but it's still now low enough.

  • The weaker dollar policy that the Trump administration is pursuing

  • is based on making the US competitive.

  • And it has to be competitive not just for a couple of month where the dollar is weak,

  • but, you know, for the next four to eight years.

  • And to do that, you need to have a significant correction in the dollar.

  • And so far, you've seen a little bit of a move,

  • this 10%, but that's nothing.

  • What is significant?

  • Well, I think you need a 30% of the high.

  • So that's what we're looking at, that 135 type area for the Euro.

  • Which isn't silly, it was at 150, back in what, 2007, 2008.

  • So do we get the 30% correction this year?

  • Yeah, I don't see why we shouldn't.

  • But I think it's not going be happening overnight,

  • it's a very gradual thing.

I think we have got another 20% to go

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