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).
“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