Back
7 Nov 2014
Rates on NFP’s, projected hike and firm USD – Societe Generale
FXStreet (Guatemala) - Kit Juckes, Global Head of Currency Strategy at Societe Generale explained the jobs will help cement 3% real GDP growth forecasts for 2015.
Key Quotes:
"And if that is still a Fed/consensus view in January, the odds of a mid-2015 rate hike will be very high".
“That in turn, is the key to unlocking more dollar strength”.
“US 1y/1y rates are now 3bp lower than they were yesterday. So there's nothing to spook EMFX, or equities or the Euro, or the Yen, at this point”.
“But I still think the 1y/1y will get much closer to 2% (from 1.14%) by the time winter ends”.
Key Quotes:
"And if that is still a Fed/consensus view in January, the odds of a mid-2015 rate hike will be very high".
“That in turn, is the key to unlocking more dollar strength”.
“US 1y/1y rates are now 3bp lower than they were yesterday. So there's nothing to spook EMFX, or equities or the Euro, or the Yen, at this point”.
“But I still think the 1y/1y will get much closer to 2% (from 1.14%) by the time winter ends”.