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Forex Flash: Euro-politics, US sequester and Chinese data feed risk-off sentiment - Societe Generale

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the US sequester, softer Chinese non- manufacturing PMI data, and on-going Italian political uncertainty are giving us, again, a somewhat risk averse start to the week.

He feels that we are in a slightly strange market where risk aversion rules, but major equities are in a bull market all the same thanks to Fed policy. However, he writes, “For all that though, starting the week long USD against GBP, AUD, and a raft of other over-priced European currencies (EUR, CHF, NOK) seems the right strategy. Long-term yen shorts remain in place, but USD/JPY is firmly in its 91-94.5 range and an upside break probably requires some action (rather than just words) from the new regime.”

Forex Flash: Euro continues slide - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the Euro´s month long side is carrying into March.
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Forex Flash: Yen indifferent to global developments - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the heightened political tensions in Europe and the decline in US yields has not been sufficient to lift the yen.
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