Usd Not Currently perceived As a Funding Currency
Quotes from Societe Generale Cross Asset Research:
-EUR/USD too low compared with equities? Decent US economic data and hopes of ECB measures in September are underpinning US equity markets. The S&P has now settled above 1400, while the VIX hit its 5-year lows. However, and although everyone is convinced the Fed will keep low rates for long, the USD is not currently perceived as a funding currency.
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