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Societe Generale: FX Review

The KRW has led the way (down) in Asian trading this morning, ahead of the BOK Thursday.
 
ECB QE starts today and the Greek crisis is far from over with a Eur 350mln tranche of IMF debt due for repayment at the end of the week. We get German trade and Canadian housing starts too.

Societe Generale notes the following in a report on Monday:

In the meantime, stay long dollars. USD/JPY is breaking free, USD/CAD can head towards 1.30, EUR/USD 1.0765 is the next key level for the Euro.



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