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Nov 25 - 01:55 PM

EUR/USD - In Stasis During Holiday Ahead Month-End Volatility

By Jeremy Boulton  —  Nov 25 - 09:49 AM
  • EUR/USD trading 1.1200-30 EBS on Nov 25 Thanksgiving Day

  • Pair reached 1.1186 on Nov 24 before closing that day at 1.1200

  • As usual there has been little interest to trade again on U.S. holiday

  • Nov 26 likely to be little different with volatility returning next week

  • Month-end flows expected and liquidity set to decline in December

  • Morgan Stanley month end model suggests USD weakness vs most G10 currencies

  • Bias down, recoveries modest and a big level may be tested soon nL1N2SG0GF

Source:
Refinitiv IFR Research/Market Commentary

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