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Jun 09 - 04:55 AM

EUR/USD - Rising Probability Traders Pare Risk Weighing EUR/USD

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


EURUSD


(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)

Source:
London Stock Exchange Group | Thomson Reuters

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