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17 Apr 2014
Demand fro USD remains subdued - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, sees the USD-bulls need to be more patient.
Key Quotes
"Today sees Canadian CPI, US Philly Fed and jobless claims. The Ukrainian crisis hasn't (yet) triggered major risk aversion in financial markets."
"Nor has the on-going Chinese economic slowdown. US Treasury yields are in the lower half of their recent range, not breaking out on the downside but low enough to drag FX vol, credit spreads and other risk measures down."
"No help for dollar bulls, or for lovers of chaos ahead of the Easter weekend. There are chocolate eggs to hunt and the markets are full of central bank liquidity."
Key Quotes
"Today sees Canadian CPI, US Philly Fed and jobless claims. The Ukrainian crisis hasn't (yet) triggered major risk aversion in financial markets."
"Nor has the on-going Chinese economic slowdown. US Treasury yields are in the lower half of their recent range, not breaking out on the downside but low enough to drag FX vol, credit spreads and other risk measures down."
"No help for dollar bulls, or for lovers of chaos ahead of the Easter weekend. There are chocolate eggs to hunt and the markets are full of central bank liquidity."