Quotes from Societe Generale Cross Asset Research:
-At the start of 2014, the dollar was reluctant to rally.Now, in December, it is flying high. It still has plenty of room to the upside, and will be supported in 2015 by a sharp divergence in monetary policy.
-The biggest danger now is that monetary policy easing,notably in Europe, provides minimal help to the economy at best. Will QE really boost the availability of credit and how can it possibly have the same effect on asset prices as when the Fed, BoE and BoJ bought bonds?
-Europe may need more drastic action than the ECB can stomach,or than politicians are willing to engage in. The euro and the rest of the European currency bloc will be the biggest losers in H1 2015.
The material has been provided by InstaForex Company – www.instaforex.com