28 May 2014
Short EUR is the name of the game - Societe Generale
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, still prefers to sell the EUR.
Key Quotes
"The Euro failed to get any help from tighter peripheral spreads and higher equities yesterday. Given that backdrop, we prefer being short Euros against a basket of ‘better' European currencies (NOK, GBP, TRY and PLN), which responds more to Euro rates. USD/CHF however, is threatening to break above 0.90 and could gather momentum if it does."
Key Quotes
"The Euro failed to get any help from tighter peripheral spreads and higher equities yesterday. Given that backdrop, we prefer being short Euros against a basket of ‘better' European currencies (NOK, GBP, TRY and PLN), which responds more to Euro rates. USD/CHF however, is threatening to break above 0.90 and could gather momentum if it does."