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Jun 06 - 03:55 AM

EUR/USD - REFILE-BUZZ-EUR/USD Traders Are Expecting A Great Deal From ECB This Week

By Jeremy Boulton  —  Jun 06 - 02:50 AM

Adds traders to headline

  • EUR/USD traders have tripled bets pair rises in the past 3 weeks

  • Largest long position since mid-March when Fed's first hike impacted

  • ECB meets Jun 9 and is broadly expected to raise rates in small steps

  • Economists are leaning towards July for first hike

  • Futures suggest 63% chance of a 10bps hike in June

  • The Federal Reserve is expected to hike by 50bps this month

  • The rate divide weighing EUR/USD will soon grow to 1.50%

EURUSD bets Click here

Refinitiv IFR Research/Market Commentary


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