The Elephant in the Room – US Long-term Debt Outlook | The MUFG Global Markets Podcast

Following the stronger than expected US jobs report, Derek Halpenny, Head of Research, Global Markets EMEA and International Securities discusses with Julie Ellert, Head of Frabelux FX Corporate Sales, what the implications are for the US dollar and the FOMC meeting later this month.

Derek also outlines what he calls “the elephant in the room” following the debt ceiling deal – that is the terrible long-term debt outlook for the US. This issue will have to be tackled in the coming years which point to weaker growth and a weaker US dollar.