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Thomson Reuters
Feb 04 - 03:48 AM
EUR/USD - Dead Centre And Unlikely To Shake Free Of Expiries
First appeared on eFXplus on Feb 04 - 02:30 AM
  • EUR/USD back to centre of recent range 1.12-1.15 awaiting next impulse
  • Main focuses are evenly balanced between slowdown in U.S. or eurozone
  • Underlying rates push slightly wider in favour of a EUR/USD decline
  • Given low volatility hedging for EUR 2bln 1.1450 expiries may dominate today
  • On a longer-term basis low vol is fuel for euro funded carry trades
  • Today EZ sentix @ 9.30GMT, expected to improve slightly, still -0.6% in Feb

EUR/USD daily Click here

Source:
Thomson Reuters IFR Markets

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