Euro-funded carry trades look to be clearing out | EdgeTradings

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Euro-funded carry trades look to be clearing out


Quite a reversal in EUR/USD The euro and yen are catching big bids in the latest FX moves. EUR/USD is now narrowly higher on the day at 1.1813. This to me looks like a classic unwind of carry trades. The euro and yen are the funders of choice at the moment because there is no monetary tightening

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