10 Dec 2013
Flash: Easy money to support risk in 2014 - Societe Generale
FXstreet.com (Bali) - According to Societe Generale, easy money will continue to support risk in 2014.
Key Quotes
"But as 2013 taught us, that does not always translate into successful FX carry trades. Valuation matters. Our preferred 3x3 G10 basket for 2014 is long USD, NOK and GBP vs JPY, CHF and EUR. In EM, favour safe havens and ‘growth’ currencies in Q1, then reload ‘liquidity’ currencies from spring on."
Key Quotes
"But as 2013 taught us, that does not always translate into successful FX carry trades. Valuation matters. Our preferred 3x3 G10 basket for 2014 is long USD, NOK and GBP vs JPY, CHF and EUR. In EM, favour safe havens and ‘growth’ currencies in Q1, then reload ‘liquidity’ currencies from spring on."