According to the United States, “a strong dollar is in the interests of the United States”. We don’t hear you saying that “a strong euro is in the interests of Europe”. Does this asymmetry signify that you do not wish the euro to appreciate vis-à-vis the dollar?
Encouragingly, the GFXC’s survey showed that while current take-up from the buy-side was low, many of the buy-side respondents indicated that they did intend to adhere and some of those had already begun the process. More broadly, though, the GFXC is conscious that greater take-up from the buy-side will be needed and the GFXC is actively looking at ways to achieve that end.