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Jul 12 - 05:55 AM

EUR/USD - Traders Are Still Terribly Positioned

By Jeremy Boulton  —  Jul 12 - 03:35 AM
  • It took six months this year for traders to establish a small EUR/USD short

  • In that period EUR/USD slumped

  • Last year they pared long positions but rarely bet much on a drop

  • After taper talk emerged EUR/USD slumped

  • EUR/USD has been on a one way street from 1.2266 towards parity

  • Despite the collapse speculators have been loathe to sell

  • That may soon change nL1N2YT0D3



Source:
Refinitiv IFR Research/Market Commentary

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