World’s ATM Moves to Frankfurt as Yellen’s Fed Slows Cash
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As Janet Yellen winds down the Federal Reserve’s money-printing operation, Mario Draghi is boosting Europe’s cash supply.
That means the dollars Yellen’s Fed is removing could be compensated for by cheap euros from the European Central Bank. The result may be enough cash sloshing around to underpin this year’s run-up in risk assets even if the Fed begins mulling higher interest rates too, says Marios Maratheftis, head of macro research at Standard Chartered Plc in Dubai.