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Here you will find detailed info about currency trading and Forex training, currency exchange and online Forex trading platform.Of course, he’s talking his book, but more than likely he has it right, saying it is unlikely the Fed will hike rates this year. The market got a bit excited earlier this week at the notion that a hike could come before year-end but those hopes have moderated. Further, El-Erian


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Of course, he’s talking his book, but more than likely he has it right, saying it is unlikely the Fed will hike rates this year. The market got a bit excited earlier this week at the notion that a hike could come before year-end but those hopes have moderated.

Further, El-Erian says the dollar could be embarking on a long-term multi-year erosion of its international standing. Sounds like they are limit-long bunds as well!

EUR/USD trades at NY session highs of 1.4078 after the comments.