15 Nov 2013
Flash: Dollar up, European rates anchored - Societe Generale
FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the reluctance to re-embrace fully, the idea of ‘much lower for much longer’ US rates, is helping turn the dollar’s trend upwards.
Key Quotes
“USD/JPY can reach 105 in the next few weeks if it closes above 100 today. EUR/USD needs to hold below 1.35, but we may see 1.30 by the end of the year.”
“We are still short EUR/GBP, and long NOK/SEK too. Meanwhile, I still want to receive Euros and pay in sterling, buy Bunds and sell Gilts, and today, I’d like to pay GBP 1yr rates 5yrs forwards and receive them in dollars.”
Key Quotes
“USD/JPY can reach 105 in the next few weeks if it closes above 100 today. EUR/USD needs to hold below 1.35, but we may see 1.30 by the end of the year.”
“We are still short EUR/GBP, and long NOK/SEK too. Meanwhile, I still want to receive Euros and pay in sterling, buy Bunds and sell Gilts, and today, I’d like to pay GBP 1yr rates 5yrs forwards and receive them in dollars.”