23 May 2014
EUR/USD could see lower levels - Societe Generales
FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale, does not rule out further EUR weakness.
Key Quotes
"The overnight market action suggests a lot of people have found something better to do, though the Nikkei has had a nice bounce off 1400. The Bank of Korea is leaning against further won appreciation, the Thai Baht is trading in a tight range post-coup, and the Turkish Lira hasn't really looked back since yesterday's rate cut."
"EUR/USD is sitting on its 200-day average and if protest votes in European elections make any headlines, we're on our way to 1.35 as we go on waiting for the ECB. EUR/GBP, EUR/NOK and EUR/TRY are all a sell in my eyes."
Key Quotes
"The overnight market action suggests a lot of people have found something better to do, though the Nikkei has had a nice bounce off 1400. The Bank of Korea is leaning against further won appreciation, the Thai Baht is trading in a tight range post-coup, and the Turkish Lira hasn't really looked back since yesterday's rate cut."
"EUR/USD is sitting on its 200-day average and if protest votes in European elections make any headlines, we're on our way to 1.35 as we go on waiting for the ECB. EUR/GBP, EUR/NOK and EUR/TRY are all a sell in my eyes."