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Nov 18 - 04:55 AM

EUR/USD - Once Again Traders Quick To Pare EUR/USD Shorts

By Jeremy Boulton  —  Nov 18 - 02:40 AM
  • Traders pare bulk of shorts held for 4 weeks

  • Net short reduced to $988 million from $6.8 billion in 2 weeks

  • EUR/USD sank to 1.0728-1.0541 while bets unwound - presumably profitably

  • Specs may be more inclined to reestablish profitable positions

  • Two other shorts in past two years lasted just 2 weeks each

Source:
Refinitiv IFR Research/Market Commentary

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