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Forex: Not many currencies worth selling against USD - Societe Generale

FXstreet.com (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the DXY is trending higher.

Further, he adds that there are not many currencies he doesn’t want to sell against the US dollar. In the short term, he sees that the risk is of a position clear-out in the favourite short, which is the yen, and EUR/CHF will fall too. He adds, “But short GBP/USD, short AUD/USD, long USD/CAD and short EUR/USD all look like making further progress.” He feels that EMFX is in for a very tough time overall too.

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