Bloomberg News

Euro Confidence Rises, Societe Generale Client Survey Shows

July 10, 2012

Societe Generale SA said a customer survey found that foreign-exchange research clients have more confidence in the resilience of the euro area than a year ago.

A survey of 6,700 people showed 99 percent expected the 17- nation currency bloc would exist in its current form in two years. That compares with 95 percent of 6,600 respondents in a May survey, the Paris-based bank said in a report today.

Asian clients were the most willing to buy the euro, with the median value seen as attractive to buy the currency at $1.18. U.S. clients would be willing to purchase at $1.05 and Europeans at $1.12, the survey showed.

Globally corporate clients said they would become buyers of euro at $1.17 compared with “bank” and “real money clients” at $1.15. Hedge funds would become buyers at $1.05, the survey showed.

To contact the reporter on this story: Allison Bennett in New York at abennett23@bloomberg.net

To contact the editor responsible for this story: Dave Liedtka at dliedtka@bloomberg.net


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus