The rough range traded for first six months of 2023 was 1.05-1.10

July's rise to 1.1275 saw bets on rise reach $25 billion

Jul-Oct drop to 1.0448 has seen longs substantially reduced

Just before 1.0448 bets on rise were around $10 billion

Since Oct 3 EUR/USD has rallied reaching 1.0640 EBS on Oct 12

FX pairs usually head toward neutral levels during periods of uncertainty

Expectations for U.S. interest rates have dropped nL1N3BI0DZ

Surprising commodity drops may have a big impact on currencies nL1N3BI0IR