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5 Mar 2013
Forex Flash: PMI offer a chance to gorp at the transatlantic divide - Societe Generale
Kit Juckes, Global head of Currency Strategy at Societe Generale feels that this morning PMIs present another opportunity for investers to wonder at the transatlantic divide.
He writes, “I’m not sure that is ‘news’ however so don’t look for much reaction today beyond a further erosion of volatility. In due course, we’ll see the US/European bond yield gap widen in sympathy as US yields rise and that will pose a new challenge for higher-yielding currencies, but that’s some way off. “
He writes, “I’m not sure that is ‘news’ however so don’t look for much reaction today beyond a further erosion of volatility. In due course, we’ll see the US/European bond yield gap widen in sympathy as US yields rise and that will pose a new challenge for higher-yielding currencies, but that’s some way off. “