A weaker Dollar, but still too early to go in selling the greenback too excitedly – SocGen DollarIndex Fed UnitedStates Banks
The Dollar’s bounce has run out of steam, but caution is warranted, Kit Juckes, Chief Global FX Strategist at Société Générale, reports.“The US rates market has now corrected half the fall in end yearpricing that we saw as the banking crisis erupted. There may be a little more Dollar support coming from there, but not much.”
“I think we’re left overall, more data-sensitive than we were. In the end, that means a weaker Dollar but it’s still too early to go in selling the Dollar too excitedly.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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