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Monthly archive December, 2017

G10FX: Cheap Vs Expensive Currencies: What Is The Valuation Trade In 2018? – SocGen

Societe Generale Cross Asset Strategy Research discusse the FX market outlook in 2018 from a relative valuation perspective.

"The dollar looks dull, but a bit expensive given where real yields are. The euro is cheap but needs markets to Read More →

Dollar sags as uncertainty over tax bill weighs

The dollar was on the back foot on Friday as squabbling over the US tax bill took its toll on confidence. The euro slipped following the European Central Bank press conference in which Draghi signaled policymakers would maintain stimulus for Read More →

USD: Attractive Buy Levels; Upside Risks Related To US Tax Reform Still Underpriced – BofAML

Bank of America Merrill Lynch Research discusses the USD outlook and remains broadly bullish on the currency through Q1 and believes that the USD is currently trading around attractive entry levels for longs.

"Within a backdrop of constructive near-term Read More →

Fed raises rates USD sells off

The Federal Reserve raised its policy rate by 25bp yesterday, in line with expectations. The target range is now 1.25 to 1.50 percent. The committee rasied GDP estimate to 2.5% (from a previous 2.1%) and 2018 inflation forecast to 1.7% Read More →