{"id":1251,"date":"2023-03-02T12:02:28","date_gmt":"2023-03-02T12:02:28","guid":{"rendered":"https:\/\/zamfx.com\/?p=1251"},"modified":"2023-03-02T12:02:30","modified_gmt":"2023-03-02T12:02:30","slug":"rates-to-peak-in-september-dollar-should-be-lower-by-then-socgen","status":"publish","type":"post","link":"https:\/\/zamfx.com\/2023\/03\/02\/rates-to-peak-in-september-dollar-should-be-lower-by-then-socgen\/","title":{"rendered":"Rates to peak in September, Dollar should be lower by then \u2013 SocGen"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/zamfx.com\/wp-content\/uploads\/2023\/03\/Rates-to-peak-in-September-Dollar-should-be-lower-by-then-\u2013-SocGen-1024x576.jpeg\" alt=\"\" class=\"wp-image-1252\" srcset=\"https:\/\/zamfx.com\/wp-content\/uploads\/2023\/03\/Rates-to-peak-in-September-Dollar-should-be-lower-by-then-\u2013-SocGen-1024x576.jpeg 1024w, https:\/\/zamfx.com\/wp-content\/uploads\/2023\/03\/Rates-to-peak-in-September-Dollar-should-be-lower-by-then-\u2013-SocGen-300x169.jpeg 300w, https:\/\/zamfx.com\/wp-content\/uploads\/2023\/03\/Rates-to-peak-in-September-Dollar-should-be-lower-by-then-\u2013-SocGen-768x432.jpeg 768w, https:\/\/zamfx.com\/wp-content\/uploads\/2023\/03\/Rates-to-peak-in-September-Dollar-should-be-lower-by-then-\u2013-SocGen-1536x864.jpeg 1536w, https:\/\/zamfx.com\/wp-content\/uploads\/2023\/03\/Rates-to-peak-in-September-Dollar-should-be-lower-by-then-\u2013-SocGen.jpeg 1600w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Kit Juckes, Chief Global FX Strategist at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, analyzes FX market. Re-pricing peak Fed Funds keeps on supporting the Dollar, but by September, the greenback should ease.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">EUR\/USD is finding a base<\/h3>\n\n\n\n<p>\u201cBy the time rates peak \u2013 markets think in September, the Dollar should be lower. For now, they are busy revising that peak higher.\u201d<\/p>\n\n\n\n<p>\u201cWe think EUR\/USD is finding a base here, partly because the US rates market has priced a lot in now, and partly because the European rates market has more to price in.\u201d<\/p>\n\n\n\n<p>\u201cThe USD\/JPY 200-DMA is at 137.70 and if that were to break, it would trigger a spike down for the yen, at least temporarily.\u201d<\/p>\n\n\n\n<p>\u201cAs for Sterling, Andrew Bailey\u2019s comments yesterday took the wind out of its sails. EUR\/GBP is in a slow and erratic uptrend, but I could do with a Sterling pop higher before I head to the mountains at the weekend.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kit Juckes, Chief Global FX Strategist at Soci\u00e9t\u00e9 G\u00e9n\u00e9rale, analyzes FX market. Re-pricing peak Fed Funds keeps on supporting the Dollar, but by September, the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":1252,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[7],"tags":[],"class_list":["post-1251","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/zamfx.com\/wp-json\/wp\/v2\/posts\/1251"}],"collection":[{"href":"https:\/\/zamfx.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zamfx.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zamfx.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zamfx.com\/wp-json\/wp\/v2\/comments?post=1251"}],"version-history":[{"count":1,"href":"https:\/\/zamfx.com\/wp-json\/wp\/v2\/posts\/1251\/revisions"}],"predecessor-version":[{"id":1253,"href":"https:\/\/zamfx.com\/wp-json\/wp\/v2\/posts\/1251\/revisions\/1253"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zamfx.com\/wp-json\/wp\/v2\/media\/1252"}],"wp:attachment":[{"href":"https:\/\/zamfx.com\/wp-json\/wp\/v2\/media?parent=1251"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zamfx.com\/wp-json\/wp\/v2\/categories?post=1251"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zamfx.com\/wp-json\/wp\/v2\/tags?post=1251"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}