Back
6 Feb 2013
Forex Flash: Berlusconi may be back from the dead. . . again – Societe Generale
Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that the most eye catching headline today is the news that Berlusconi´s PDL party is closing in on leaders, the DPL.
He writes, “There is enough uncertainty around Spanish and Italian politics to ensure that the next leg higher for the Euro is delayed, but unless we see EUR/USD close below yesterday’s low (1.3460), we will not be re-thinking any targets – EUR/USD looks set to test 1.38 this month.”
He writes, “There is enough uncertainty around Spanish and Italian politics to ensure that the next leg higher for the Euro is delayed, but unless we see EUR/USD close below yesterday’s low (1.3460), we will not be re-thinking any targets – EUR/USD looks set to test 1.38 this month.”