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7 Oct 2013
Flash: Not conceiving USD positive reaction to weekend press - Societe Generale
FXstreet.com (Barcelona) - According to Kit Juckes, Head of Currency Strategy at Societe Generale, if a favourable political resolution in the U.S. is to come, it is hard to see how it will come by unless tensions increase further.
Key Quotes
"The right-wing Commentariat still thinks market are ludicrously complacent and is shifting the debate round to the debt level and this from his nemesis. The FT tells us that Boehner tells Republicans to stand and fight."
"So, we're supposed to be nervous and our collective willingness to send Treasury yields down into the face of a possible default is confounding the commentators."
"I can't see how equities, or the dollar, react very positively to the weekend press. With little economic data coming out in the US, we'll be flying blind and, presumably, nervous as a result."
Key Quotes
"The right-wing Commentariat still thinks market are ludicrously complacent and is shifting the debate round to the debt level and this from his nemesis. The FT tells us that Boehner tells Republicans to stand and fight."
"So, we're supposed to be nervous and our collective willingness to send Treasury yields down into the face of a possible default is confounding the commentators."
"I can't see how equities, or the dollar, react very positively to the weekend press. With little economic data coming out in the US, we'll be flying blind and, presumably, nervous as a result."