16 Jul 2014
USD outlook points to further upside - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, sees the USD gathering steam in the upcoming periods.
Key Quotes
"All year, Dollar bulls have been battered by the Fed's ability to keep Treasury yields low with their dovish rhetoric (and mixed data). But now, the Fed's message is more balanced, the data stronger."
"The DXY has popped its head back above its 200-day average. Next week's RBNZ hike could be followed by a pause; the BOC will likely be pretty dovish after weak jobs figures last week."
"Even in the UK, where the rate hike cycle is goign to start this year, the market is now getting (over-?) excited about a possible August move. I'm coming over all dollar bullish, when I promised myself I would keep such sentiments in check until Sep 1. I need a holiday!!"
Key Quotes
"All year, Dollar bulls have been battered by the Fed's ability to keep Treasury yields low with their dovish rhetoric (and mixed data). But now, the Fed's message is more balanced, the data stronger."
"The DXY has popped its head back above its 200-day average. Next week's RBNZ hike could be followed by a pause; the BOC will likely be pretty dovish after weak jobs figures last week."
"Even in the UK, where the rate hike cycle is goign to start this year, the market is now getting (over-?) excited about a possible August move. I'm coming over all dollar bullish, when I promised myself I would keep such sentiments in check until Sep 1. I need a holiday!!"