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Thomson Reuters
Feb 26 - 08:36 AM
EUR/USD - Options Root EUR/USD To The Spot Ahead Fed's Powell
First appeared on eFXplus on Feb 26 - 06:35 AM
  • EUR/USD trapped in another tight range just 1.1346-72 EBS in Europe
  • Almost EUR 5 billion of options expiries today between 1.1330-1.1400
  • Hedging of today's expiries should easily dominate any other flows
  • Fed's Powell speech in focus at 15GMT, likely he supports low rate view
  • Low rates more likely to fuel carry trades and euro funding over weak USD
  • High probability ECB adds liquidity to weigh further on funding ccy like EUR

EURUSD daily Click here

Source:
Thomson Reuters IFR Markets

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