Top Currency Trader Joe Lewis Says 'Euro Marching Higher'
It's rare that we get to speak with one of the world’s best known and most successful currency traders - but when we do, we listen.
On Monday we had the opportunity to catch up with billionaire investor Joe Lewis, of the Tavistock Group; he's among the riches men in the world.
Here are the headlines:
Lewis tells us the mostly likely path for the euro is higher.
Lewis says, the euro is more likely to gain on a larger bailout fund – than decline on the need the use it.
He believes, only if the situation in Europe gets so bad that regulators have to tape the ESFS, will the euro move lower. Other wise, it's up.
Also of note, Lewis doesn’t think we’ve heard the last from Greece.
He tells CNBC, this is only the end of the beginning – yes they solved part of the issue now – but it’s only the end of the beginning.
And if you’re wondering which currency this world famous currency trader is watching most closely it’s the yuan. He calls China’s currency, the key to US and all other countries trade balances.
What do you think? We want to know!
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Trader disclosure: On Mar 19, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Terranova is long VRTS; Terranova is long NXPI; Terranova is long IBM; Terranova is long MCD; Terranova is long CNX; Terranova is long EMC; Terranova is long MSFT; Terranova is long JOY; Terranova is long OXY; Terranova is long LQD; Terranova is long POT; Terranova is long TBT; Terranova is short April Gold futures; Terranova is short May Silver Futures; Weiss is long QCOM; Weiss is long BRCM; Weiss is long SNDK; Weiss is long HPQ; Weiss is long TBF; Weiss is long TBT; Weiss is long HAIN; Weiss is short JCP; Weiss is short AAPL puts
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