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Aug 27 - 02:55 AM

EUR/USD - Going Nowhere Fast And That's Why It's Falling

By Jeremy Boulton  —  Aug 27 - 02:31 AM
  • This year EUR/USD has traded quietly with volatility sinking

  • As a consequence negative yield EUR has suffered more

  • Rate differential may be small but spec betting was not

  • Number of longs was huge and paring of risk weighed EUR/USD

  • Traders have recently added to longs now $8.4bln from $5

  • To profit traders will need an injection of volatility

  • Sep 22 meeting is most likely event that could inject volatility

  • If not slow EUR/USD slide will likely continue until end 2021


EURUSD Click here

Source:
Refinitiv IFR Research/Market Commentary

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