14 Jan 2014
Flash: What will US Retail Sales tell us today? - Societe Generale
FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale asks, will today's US retail sales figures tell us something about the recovery?
Key Quotes
“I'm not overly optimistic. The headline gain is likely to be a modest 0.1%, with a bit more strength in the detail. Maybe a jump in small business optimism will help sentiment?”
“If the news is enough to stop the fall in Treasury yield though, it will also be enough to help the dollar build a base off which to appreciate later in the week.”
Key Quotes
“I'm not overly optimistic. The headline gain is likely to be a modest 0.1%, with a bit more strength in the detail. Maybe a jump in small business optimism will help sentiment?”
“If the news is enough to stop the fall in Treasury yield though, it will also be enough to help the dollar build a base off which to appreciate later in the week.”