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11 Sep 2013
Flash: ‘Risk-on' rally has decent chance to last till Christmas - Societe Generale
FXstreet.com (Barcelona) -According to Kit Juckes, Head of FX at Societe Generale, the ‘risk-on' rally has a decent chance to last till Christmas.
Key Quotes
"Tapering will be announced next week, the ‘tapering isn't tightening message' will be repeated and policy uncertainty will decrease."
"The Fed is on hold until the second half of 2015, the ECB for even longer, the Chinese slowdown is having a vacation (thanks to some shadow banking) and it looks as though military action in Syria will be avoided."
"Have the global economy's structural problems gone up in a puff of smoke? No, but that's not the point right now."
Key Quotes
"Tapering will be announced next week, the ‘tapering isn't tightening message' will be repeated and policy uncertainty will decrease."
"The Fed is on hold until the second half of 2015, the ECB for even longer, the Chinese slowdown is having a vacation (thanks to some shadow banking) and it looks as though military action in Syria will be avoided."
"Have the global economy's structural problems gone up in a puff of smoke? No, but that's not the point right now."