By Jeremy Boulton — Jun 09 - 03:39 AM
• Traders continues to bet euro rises further without result
• Since trading 1.1573 on Apr 21 EUR/USD within 1.1065-1.1495
• ECB reduced deposit rate in April and June while EUR/USD stagnating
• Eurozone, U.S. rate divide weighing EUR/USD has grown to 2.25% weigh
• Long positions grew slightly to $11.7 billion in week to June 6
• Importance of interest rates will grow in quietening conditions
• Growing division in thinking about FX markets
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EURUSD
(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
Source:
London Stock Exchange Group | Thomson Reuters