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Forex Flash: Is Canada running out of time and luck? - Nomura

Nomura economist Charles St-Arnaud questions whether Canada is running out of time and luck as it looks like the rebound looks likely to be weak.

St-Arnaud begins by stating that he believes that growth will remain below potential for most of 2013, as he thinks that consumer spending and residential investment should moderate, while the expected rebound in business investment and exports is likely to be weak. Moreover, he expects the continued oil price differential to act as a drag on growth. He finishes by writing, “Despite the weaker outlook for the economy, we do not believe the Bank of Canada would cut rates because: (1) the economy is much less reactive to rates cuts, (2) the BoC would be concerned about reigniting an accumulation of household debt. We believe that the Bank of Canada will remain on hold until mid-2014.”

Forex Flash: USD will rise against G10 - Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale notes believes that the US dollar will steadily rise against its G10 peers by year end.
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Forex Flash: FX volatility will eventually increase - Societe Generale

Sebastien Galy, Senior FX Strategist at Societe Generale believes that FX volatility will eventually increase.
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