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Jul 24 - 03:55 AM

EUR/USD - Traders Are Holding A Safe Bet

By Jeremy Boulton  —  Jul 24 - 02:25 AM
  • Sour U.S./China relations and U.S. Covid central to recent FX movement

  • Makes EUR/USD longs one of the safest bets to hold

  • Pair liquid. EZ sound political system, greater unity created recovery fund

  • Weak EZ economy matched by weak U.S. Similar story finances

  • EUR/USD traders are long and will have surely increased those bets

  • EUR/USD longs 13.8bln by July 14. EUR/USD up 1.1409 to 1.1627 since

  • Largest long position held to date is circa 20 billion



EUR/USD longs Click here

Source:
Refinitiv IFR Research/Market Commentary

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