What's the trade as global interest rates fall and the dollar gains strength?
I think Europe is coming around and will soon follow America’s approach to the economy, says Karen Finerman. It seems likely to me the UK will cut interest rates.
If there is a cut, I want to be short the pound which can be done by shorting the CurrencyShares British Pound Ster .
I’d rather be long the dollar, says Jeff Macke. Europe has a tortured relationship with inflation.
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Trader disclosure: On Feb.6, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (INTC), (YHOO), (DIS), (ATVI), Najarian Owns (AIG) Puts; Najarian Owns (AAPL) Calls, (NYX) Calls, (SKS) Calls; Najarian Owns (BIIB), (C), (CSCO), (MS), (MSFT), (YHOO), (AMR), (CTSH); Finerman Owns (GS); Finerman's Firm Owns (AEO), (BR), (DSW), (JCP), (KSS), (MO), (MSFT), (PLCE), (SKS), (SUN), (TSO), (WMT), (YHOO); Finerman's Firm Is Short (IJR), (IYR), (IWM), (SPY), (MDY), (SPG); Finerman's Firm Is Short (LEH) And Owns (LEH) Puts; Finerman's Firm And Finerman Own (FLS) (HD); Finerman's Firm Owns (CROX) And (CROX) Calls, Finerman Owns (CROX); Finerman's Firm Owns Shares Of Royal Bank of Scotland Group plc; Finerman's Firm Owns Shares Of HBOS plc; Finerman's Firm Is Short The Pound; Terranova Owns Crude Oil; Vivendi Owns 20% Of NBC Universal, The Parent Company Of CNBC