A broader dollar correction likely to be led by EM: Societe Generale

Quotes from Societe Generale Cross Asset Research:

-We will stick with longs in GBP/JPY, shorts in CHF/NOK, relative value longs in AUD/NZD, and frustration in our search for bigger stories.

-We're not alone in looking for further dollar strength in due course, and that is reflected, notably, by the weakness of the bounce in the vast majority of EM currencies.

-A broader dollar correction, if it happens, is likely to be led by EM.