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Somewhat in limbo awaiting ECB / NFP’s - Societe Generale

FXStreet (Guatemala) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the dollar is stalling on advances as we await further impetus.

Key Quotes:

"Rising US equities and falling oil prices (hence falling inflation, hence anchored US yields/rates) are slowing the dollar's rise just as they assist the yen's fall."

"We're somewhat in limbo, waiting for the US employment data on Friday, which is the most likely catalyst for a break lower in EUR/USD”.

“There's an ECB meeting tomorrow of course, but that is unlikely to deliver more than words."

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