13 Feb 2015
US Dollar advance should continue - SocGen
FXStreet (Bali) - Societe Generale still expects the US dollar’s advance to continue, despite risks of a possible delay in the Federal Reserve’s first rate hike.
Key Quotes
"The dollar’s rise and the growing popularity of negative interest rates around the world may affect the timing of the Federal Reserve’s first rate hike – though I hope they don’t."
"What is certain is that these trends will affect the speed and extent of rate hikes once the Fed finally gets off zero. "
"A slower pace and a lower peak will have an impact on FX markets, but would not to stop the dollar’s advance."
"Falling oil prices, and falling resource-related currencies around the world largely are partly a result of the US ’winning’ the currency wars by keeping the dollar so low in 2003-2013."
"The best we can hope now is that the dollar’s advance is orderly and the impact on global capital flows is limited."
Key Quotes
"The dollar’s rise and the growing popularity of negative interest rates around the world may affect the timing of the Federal Reserve’s first rate hike – though I hope they don’t."
"What is certain is that these trends will affect the speed and extent of rate hikes once the Fed finally gets off zero. "
"A slower pace and a lower peak will have an impact on FX markets, but would not to stop the dollar’s advance."
"Falling oil prices, and falling resource-related currencies around the world largely are partly a result of the US ’winning’ the currency wars by keeping the dollar so low in 2003-2013."
"The best we can hope now is that the dollar’s advance is orderly and the impact on global capital flows is limited."