Dollar bears on a tightrope - Socgen

Kit Juckes, economist at Societe Generale noted that the US jobs will have a disproportionate impact on sentiment and a fresh tumble can't be ruled out, but dollar bears are walking a tightrope.

Key Quotes:

"They need US real yields to stay low or fall further, while significant risk aversion is avoided."

"For now, we're shaking positions out but the dollar's low will be seen in Q2, whatever happens in reaction to this week's data."

"We've one toe in the water with short NZD/USD, and now another with short GBP/USD."