Forex Flash: Keep long USD, and keep short EUR - Societe Generale

FXstreet.com (Barcelona) - Olivier Korber, FX Strategist at Societe Generale recommends staying long USD, and staying short EUR.

He writes, “The continued depreciation of EUR/USD drove the DXY Index to reach an intraday high of near 84.10, almost matching the high reached in July 2012. We recommend a risk-neutral short EUR basket trade for those who look to sidestep the periodic short-covering rallies in EUR/USD.”