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>> SOCIETE GENERALE Latest News

FEB 05, 2014 - Investopedia

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Flash: EUR/USD to remain supported near term - Societe Generale

FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale is not expecting EUR/USD to decline significantly, any time soon, but can see 1.20 within 3 months.Key Quotes"Meanwhile, in the day job .... my absurdly simple model of EUR/USD continues to urge me to sell volatility rather than to expect the Euro to break lower, unfortunately.""Since EUR/USD was trading above 1.38 at the end of October there has been a 5(!) basis point fall in 2-year Euro swap rates relative to dollars, and the effect of that is offset by a further 30bp tightening in the Bono/Bund spread ... Read More

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