Stay long USD – SG

FXStreet (Barcelona) - With upbeat US data supporting the USD, Kit Juckes of Societe Generale, suggests remaining long on the dollar, noting that 1.0765 is key for EUR/USD.

Key Quotes

“As of last Tuesday, CFTC data show speculative positions on the IMM remained very short of the Euro, and long of the dollar but concerns about positioning have been swept aside and the dollar's advance goes on.”

“The KRW has led the way (down) in Asian trading this morning, ahead of the BOK Thursday.”

“In the meantime, stay long dollars. USD/JPY us breaking free, USD/CAD can head towards 1.30, EUR/USD 1.0765 is the next key level for the Euro”