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Forex Flash: Stocks up but EUR/USD and USD/JPY locked in range - Societe Generale

05/08/2013  01:29
(Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that equities keep on ascending but EUR/USD and USD/JPY are still locked in their April ranges.

However, meanwhile he notes that China's April trade balance data today topped market expectations, but there is widespread incredulity at the extremely strong numbers reported. Both Chinese exports and imports appear to have accelerated from March, at odds with the disappointing South Korean and Taiwanese data as well as China's own PMI surveys.

Kit Juckes, Global Head of Currency Strategy at Societe Generale notes that equities keep on ascending but EUR/USD and USD/JPY are still locked in their April ranges.


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