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20 May 2015
Greek nerves are still jangling - SG
FXStreet (Guatemala) - Kit Juckes, chief currency strategist at Societe Generale noted the risks surrounding the euro bloc with Greek debt concerns and dead lines.
Key Quotes:
"Greek nerves are still jangling as time runs out for a debt deal, and that saw the Euro fall yesterday, while NOK, PLN and HUF all fell more.:
"Needless to say, the European habit of taking all negotiations to the wire means that failure to agree a deal until the last minute, doesn't mean they won't get one and any deal could give the Euro a bit of respite while supporting CEE and Scandinavian currencies."
"We remain long of NOK, SEK and PLN against EUR, CHF and GBP."
Key Quotes:
"Greek nerves are still jangling as time runs out for a debt deal, and that saw the Euro fall yesterday, while NOK, PLN and HUF all fell more.:
"Needless to say, the European habit of taking all negotiations to the wire means that failure to agree a deal until the last minute, doesn't mean they won't get one and any deal could give the Euro a bit of respite while supporting CEE and Scandinavian currencies."
"We remain long of NOK, SEK and PLN against EUR, CHF and GBP."