Societe Generale: US Dollar Rebound Challenges Bears

Kit Juckes of Societe Generale notes that the recent US labour data has broken the previous FX trading range. This development challenges the prevailing expectation of a weaker Dollar under the current administration.

The analyst points out that the data suggests an early summer rebound for the greenback, putting pressure on bearish positions. The shift in market dynamics comes as labour market strength undermines the case for aggressive monetary easing.

Juckes' comments indicate that the dollar's upside momentum may persist if economic data continues to surprise to the upside.