Societe Generale Cuts EUR/USD Forecast to 1.15 as Dollar Strength Persists

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Summary · why it matters

Societe Generale has lowered its EUR/USD forecast to 1.15 as Dollar strength continues to force repeated downward revisions across the market. Kit Juckes of Societe Generale noted that the consensus forecast has already shifted from 1.20 to 1.16. Client discussions, he added, suggest that markets are positioned even more Dollar-bullish than the current consensus implies.

Impact on assets 2

Financials▲ · 1 stocks
Societe Generale S.A.
GLE
± MixedCapitalrelevance

Societe Generale lowers its EUR/USD forecast, an analyst/valuation call on the currency pair rather than a company-specific financial event.

Others▼ · 1 stocks
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