Currencies
Too Early to Make Call on Turning Point for Weak Dollar, SocGen’s Kit Juckes Says
- A dollar gauge extends drop into third day on weak data
- Markets over-react to every new piece of data: SocGen’s Juckes
Photographer: Andrew Harrer/Bloomberg
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The dollar’s slide to the lowest in more than two weeks has reignited the debate that the greenback is on the cusp of a sustained downturn. For Kit Juckes at Societe Generale, it’s too early to make that call ahead of the US monthly payrolls report on Friday.
“If Friday’s data comes out strong, it will rally,” Juckes said. “As much as I would like to embrace the weaker dollar, I can’t really, yet.”