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Forex Flash: We stay skewed towards a lower EUR - Societe Generale

FXstreet.com (Barcelona) - Global markets are still in a sweet spot says Sebastien Galy, senior currency strategist at Societe Generale, who argues that hopes of "easy money and pro-growth policies are failing to depress equities..."

However, as Mr. Galy adds: "The Fed and, more importantly, the ECB may well disappoint. The ECB needs to deliver more than just a 25bp rate cut to keep the peripheral rally going. In this context, we warn against building up aggressive risk-on trades in FX space. We stay skewed towards a lower EUR."

Forex Flash: The Kiwi continues to bright - BNZ

In view of Mike Jones, currency analyst at Bank of New Zealand, "the ever-brighter glow of the kiwi’s relative growth and interest rate appeal has been largely responsible for the currency’s recent gains."
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