A quiet week has the potential to be a weak one for the Dollar – SocGen
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for PREMIUM VERSION HERE to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level4)]
US Dollar struggles to recover. Kit Juckes, Chief Global FX Strategist at Société Générale, expects the greenback to stay under bearish pressure.
“Somewhere, a rabbit is poking its head out of a burrow and being greeted by a pale sun failing to thaw the frozen grass. Meanwhile, as the Chinese celebrate the new year, economists are turning less bearish about growth and investors are optimistic about non-Dollar assets.”
“Slight upward revisions to consensus growth forecasts in the US, Eurozone, UK and even Japan, don’t deliver changes in relative GDP growth but they do lift the mood (despite the chill in the air).”
“Today is so light on news the optimism may survive: Eurozone consumer confidence and US leading indicators were worth watching (for surprises),but aren’t often market-moving.”
[/s2If]
Join Our Telegram Group
