The expectation of lower short term rates in turn drove the dollar down (especially as this came the day after the European Central Bank said that it would increase rates itself this summer).

Could you (1) explain what Kassel could possibly mean in the following, (2) comment on it?

Bloomberg.com: Currencies

``The ECB has made a monumental error in their attempt to contain inflation,'' said Matthew Kassel, director of proprietary trading at ING Financial Markets LLC in New York. ``While this is a big buy-the-euro story now, it won't take long for this to reverse.''

To me, this comment makes no fucking sense.

_{*Lunatic*, n.
One whose delusions are out of fashion.}