Societe Generale Warns Euro Vulnerable to Proposed US Diesel Export Ban

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Summary · why it matters

Societe Generale strategist Kit Juckes warns that a proposed US diesel export ban would likely push up European diesel prices and weigh on the Euro and other European currencies. Juckes points to rising bond yields and oil prices as additional headwinds for the single currency. He also questions whether consensus Eurozone growth forecasts will be revised lower if these pressures persist.

Impact on assets 2

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

Societe Generale strategist is the source of the warning; no direct financial impact on the bank itself.

Others▼ · 1 stocks
💱Euro/US Dollar FX Spot Rate
EURUSD
▼ NegativeMonetaryrelevance

Proposed US diesel export ban would raise European diesel prices and weigh on the Euro, with rising bond yields and oil prices as additional headwinds.

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