Next FOMC Policy Move Will Likely Be a Cut, Says Credit Agricole’s Marinov

The video discusses the influence of the current U.S. president on the Federal Reserve's actions, highlighting that while the board's composition is important, the president's involvement is more significant. It predicts that the Fed's current pause in tightening will lead to a rate cut in the coming quarters, which would be welcomed by the president. The discussion then shifts to the Euro-Dollar exchange rate, noting that while the dollar currently has a yield advantage, this may not last due to fading yield momentum.

What factors are influencing the euro's position in the current market?

Discuss the implications of the yield momentum for the dollar and euro.