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Rates on NFP’s, projected hike and firm USD – Societe Generale

FXStreet (Guatemala) - Kit Juckes, Global Head of Currency Strategy at Societe Generale explained the jobs will help cement 3% real GDP growth forecasts for 2015.

Key Quotes:

"And if that is still a Fed/consensus view in January, the odds of a mid-2015 rate hike will be very high".

“That in turn, is the key to unlocking more dollar strength”.

“US 1y/1y rates are now 3bp lower than they were yesterday. So there's nothing to spook EMFX, or equities or the Euro, or the Yen, at this point”.

“But I still think the 1y/1y will get much closer to 2% (from 1.14%) by the time winter ends”.

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