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8 Jul 2013
Flash: ECB super dovish but EUR only down slowly - Societe Generale
FXstreet.com (Barcelona) - While the ECB is super-dovish, peripheral strains are easing, said Kit Juckes, Head of FX Strategy at Societe Generale. However, Mr. Juckes suspects that, "at best, the euro will only go down slowly, while rates can get down, and stay down", adding that "it'll be years before bears thrive in Europe's bond markets." Juckes suggests that next Monday morning in Europe will be "about buying short-dated Euro and GBP bonds..." the Strategist said.