Higher rates will dampen growth, which would be negative for the euro.
More Quotes from Bob Lynch:
I was given three to five years to live (in 1995).Bob Lynch
The trade deficit certainly came in worse than expected. It was largely energy influenced but I don't think that should detract from the overall deterioration of the external balance. The dollar was already on the defensive this week and this data only reinforces that bias.
Bob Lynch
With the dollar trading at levels equivalent to 2.16 Deutsche marks, as against the 10-year average of 1.69, most people would consider it quite strong,
Bob Lynch
U.S. growth is outstripping expectations.
Bob Lynch
There has been some unwinding of the premium attached to the dollar. There are limits to how far the euro will rally, but the United States has more room to slow than Europe, which could take more wind out of the dollar's sails.
Bob Lynch
In general, we are still looking for a deteriorating fundamental backdrop. The Nikkei stock average continues to struggle, which is complicating a difficult situation with financial balance sheets.
Bob Lynch
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