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May 08 - 01:24 AM
EUR/USD: Positioning Not Signaling Committed Dip-Buyers Yet - SocGen
First appeared on eFXplus on May 07 - 04:00 PM

Societe Generale Cross Asset Strategy Research discusses EUR/USD outlook and notes that the net euro long hadn't corrected enough to give a committed euro dip-buyer any encouragement at all.

"Nor does the Bund market. EUR/USD has been tracking Bunds more than relative yields or relative short rates, and we still need these to turn in its favour before we can even think about sounding the all clear," SocGen adds. 

Source:
Société Générale Research/Market Commentary

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