Turning points in EUR and Yen - SG

FXStreet (Guatemala) - Kit Juckes, analyst at Societe Generale explained that current market trends are likely to persist beyond the first Fed rate hike despite the already significant adjustment in EM and commodity currencies.

Key Quotes:

"The consequences of super-low US rates have become increasingly clear in the downturn in commodity prices, the effect that has on exporters’ currencies and the risk that this in turn will have unexpected effects on those who have used low rates and high commodity prices to

support debt accumulation. Turning points in EUR/USD and USD/JPY are likely closer and could happen quickly once the market gets a better sense of the pace of the approaching Fed tightening cycle."