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Jun 15 - 02:55 AM

EUR/USD - A Worried ECB Is Surely Not A Reason To Buy EUR/USD

By Jeremy Boulton  —  Jun 15 - 02:30 AM
  • ECB to hold unscheduled meeting to discuss market rout nF9N2WY00A

  • EUR pops on talk of ad hoc ECB meeting on bond rout nL1N2Y20BT

  • Concern about a surge in yields may limit tightening, not add to it

  • EUR/USD pop may be the opportunity to position for a hawkish Fed

  • Traders are running long EUR/USD into the event

  • EUR/USD has fallen 1.0713-1.0397 since last IMM positioning data

  • A pause today ahead the Fed statement was a high probability

  • A deeper drop while longs are liquidated is also a high probability



EUR/USD Click here

Source:
Refinitiv IFR Research/Market Commentary

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