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Sep 15 - 06:55 AM

EUR/USD - COMMENT-EUR/USD Stasis Is Cause To Sell Euro

By Jeremy Boulton  —  Sep 15 - 05:05 AM

EUR/USD has been sat still for six weeks and a range-bound euro is worth selling. nL1N2GC07N

The single currency is undermined by negative interest rates.
If it is not rising then those who are holding it will lose money, and there are many traders currently holding euros.

Those who have sold EUR/USD since July have done well.
The uptrend is solid but the small additions made to the 2020 high in the past few weeks have been followed by steep and quick drops.
Those who opted to sell strength, which was a foolhardy exercise in July, have done well recently.

The key for EUR/USD traders may be the recent rise in risk appetite which is driving up the value of higher-yielding currencies. nL1N2GC06V

The best way to fund a carry trade is to use a low-yielding liquid currency.
EUR/USD is the most liquid currency pair and rates are minus 0.5%.

For more click on FXBUZ

EUR/USD Click here

Refinitiv IFR Research/Market Commentary


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