EUR/USD has lots of upside, but the correction can hurt – SocGen EURUSD DollarIndex Fed Banks
rate cuts and Dollar shorts are feeling the squeeze. It is “just a correction” but it is painful all the same, according to Kit Juckes, Chief Global FX Strategist at Société Générale.“As the regional banking crisis erupted, the market briefly priced end-year rates below 4% but that’s back above 4 ½% now and the Dollar is grinding higher in the process.
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