Dollar’s bounce not necessarily over yet – SocGen
Source Fxstreet
Dollar’s bounce does not look done yet, Kit Juckes, Chief Global FX Strategist at Société Générale, says.
Rate and FX re-pricing can still help USD and hurt GBP
This week saw more weakness in manufacturing, in hard data and surveys, but solid retail sales and an ever-tightening labour market have pushed longer-dated yields up. The data and the rate move have supported the USD but looked at in this way, the impression is that there is potentially more to go. The Dollar’s bounce isn’t necessarily over yet.
As for the UK, we’ve seen enough softness in labour market and retail sales data this week that further downside in EUR/GBP is very limited, and there is room for GBP/USD to drift to 1.2500 before we get the mid-February UK data blast.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Here is what you need to know on Thursday, August 13:
WTI declines below $82.50 as oil inventories rise far more than expectedWest Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $82.45 during the early Asian trading hours on Thursday. WTI declines on a larger-than-expected build in US crude oil inventories. Traders will closely monitor the developments surrounding US-Iran talks for fresh impetus.
During Wednesday's Asian trading session, spot gold (XAUUSD) extended its rebound, reclaiming $4,400/oz. As of 11:08 Beijing time on August 12, spot gold was trading at $4,414.705/oz, up
WTI advances above $82.50 due to mixed signals regarding potential US-Iran dealWest Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $82.70 per barrel during the Asian hours on Wednesday. Crude oil prices advance as investors weigh mixed signals regarding a potential deal between the United States (US) and Iran.
West Texas Intermediate (WTI) oil price extends its gains for the third successive day, trading around $82.70 per barrel during the Asian hours on Wednesday. Crude oil prices advance as investors weigh mixed signals regarding a potential deal between the United States (US) and Iran.
As of the European session on August 11, gold prices (XAUUSD) briefly topped $4,400 intraday, reaching a high of $4,435.2, its highest level since June 5. However, gains subsequently narr
Related Instrument
