Flash: Shopping to support dollar? – Societe Generale

FXstreet.com (London) – Kit Juckes, head of currency strategy at Societe Generale explained Americans are regularly surprised to learn that real wage growth is picking up (albeit modestly).

Key Quotes:

“The other side of the same coin, as wages rise relative to PPI, is that the labour share of GDP will rise vs. the profit share, but on a day when the focus will be on how much is spent in the run-up to Christmas”,

“I reckon the US is in much better shape than last year, when real wages were falling. If we get good spending news, the main …read more