By Jeremy Boulton — Jun 27 - 03:35 AM
Those short EUR/USD earn a carry that is increasing
One month EUR/USD forward swap is 20 pips and one year is 283 pips
Over 100 pips added to the one-year swap since Fed started to raise rates
In June EUR/USD have flipped a 7 billion long to a 2 billion short position
EUR/USD at centre of 1.0787-1.0359 drop seen before June Fed which is 1.0573
If you are short you earn, if you are long you pay nL1N2YE0CB
Source:
Refinitiv IFR Research/Market Commentary