Dollar to Stay Stronger for Longer, CIBC's Bennett Says

The transcript discusses market trends, focusing on liquidity and the strength of the dollar against the yuan amidst trade concerns. It explains the preference for forward points over the spot market due to currency risk management strategies. The analysis includes currency pairs like the dollar against India and the euro against the yen, highlighting deficits and market stability. The impact of Brexit on currency stability is examined, noting the uncertainty it brings. Finally, the transcript speculates on the timing of ECB rate hikes, considering the risks in Europe.

What is the significance of the liquidity being removed from PBS?

How does the current economic situation in Europe affect expectations for ECB rate hikes?