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May 20 - 10:55 AM

EUR/USD: Post-FOMC Correction Was Shallow And Momentum Still Upward - SocGen

By eFXdata  —  May 20 - 09:30 AM
Societe Generale Research maintains a core bearish bias on USD after yesterday's FOMC minutes.

"The good news is that while the Minutes prompted a lot of comment, markets have taken them in their stride. The world was, is and will remain awash with cheap dollars. Treasury yields remain range-bound and Bund yields are definitely not," SocGen notes.

"EUR/USD failed to break 1.2250 yesterday equities suffer a crypto-wobble and the Minutes came out, but the correction was shallow and momentum is till upwards," SocGen adds. 
Source:
Société Générale Research/Market Commentary

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