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Nov 02 - 04:55 AM
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EUR/USD - May Rise As Key Bearish Drivers Reverse
By Jeremy Boulton — Nov 02 - 02:49 AM
• Brent Crude oil is $8 pb below Friday's peak
• Less stress from French bonds - spreads tighter
• US/German 10 year spread tightening 25bps in past month
• In past month bets on euro falling have tripled to $20 billion
• Many more prepared from euro drop, less likely to happen
•
EURUSD and betting
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters