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May 08 - 07:55 AM

EUR/USD - Going Nowhere Fast Which Might Be Important

By Jeremy Boulton  —  May 08 - 06:05 AM
  • EUR/USD has traded tight ranges for 17-months

  • Last year's range was one of the tightest on record

  • This year's range is smaller

  • Interest rates matter more when it's quiet

  • The interest rate differential weighing EUR/USD has widened this year

  • Selling strength to bank carry with limited FX risk may become more popular

  • Ranges that have unfolded mostly within 1.05-1.10 may drop

  • The 200-DMA at 1.0795 may help to define peak of a lower range

Refinitiv IFR Research/Market Commentary


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