- Analytics
- News and Tools
- Market News
- USD Index is much more likely to fall to 100 before ever seeing 125 – SocGen
USD Index is much more likely to fall to 100 before ever seeing 125 – SocGen
US Dollar Index (DXY) alternates gains with losses near the 113.00 zone. In the view of Kit Juckes, Chief Global FX Strategist at Société Générale, DXY is more likely to plunge towards 100 than climb to 125.
Short-term dollar bullish bias still makes sense
“In the US, data remains mostly robust, and the Beige Book gave bond bulls no encouragement; concerns about slower potential growth don’t help limit the need for Fed tightening. Surely, we have all the information we need ahead of the November 2 FOMC, with a 75 bps hike ‘in the bag’ and warnings of more to come, more than likely.”
“There’s enough juice left to get USD/JPY ‘properly’ through 150 but while a short-term dollar bullish bias still makes sense, DXY is much more likely to fall to 100 before we ever see 125. Mind you, I very much doubt we see either of those levels any time soon!”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
