Surveillance: Yield Forecast with HSBC's Major
Bloomberg Surveillance
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Euro Yen Butters Up Against Resistance at a 147
G10FX strategist Jordan Rochester joins John Defterios on Global Wall Street. Is it about strong Euro, or is it in the zeitgeist this weekend? It's been a bit of both, Tom. With the banking situation, SUB's collapse has allowed markets to price and the idea of Fed cuts. But I think the good news for Euro isn't over. The growth pick up that we've seen in first quarter should carry on into second quarter. That should keep the ECB in a more hawkish footing. We look for 425.4% by July; market's somewhere around 3.6%. Now, for the Fed, they could do a rate height of 25 base points
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