FXStreet (Bali) – February may see the euro take the lead from the yen, and emerge as the strongest of the G3, notes the Forex Strategy Team at Societe Generale.
Key Quotes
“What a start to the year! January has been all about falling oil prices, uncertainty about Chinese currency policy in the face of slowing growth, and the gradual emergence of ‘Brexit’ as a market-moving force.”
“The result of these factors has been widespread weakness across EM and commodity-related currencies, and tight trading ranges for the G3 currencies.”
“February may see the euro take the lead from the yen, and emerge as the strongest of the G3 as the ‘EM bearish isn’t the same as dollar-bullish’ theme evolves.”
(Market News Provided by FXstreet)