- EUR/USD closing in on 1.10 but 2y2y rate differentials not keeping up – SocGen
Noticias del mercado
23 enero 2023
EUR/USD closing in on 1.10 but 2y2y rate differentials not keeping up – SocGen
Euro moves one step closer to 1.10. Can EUR/USD have a go at 1.10? Economists at Société Générale discuss the pair’s outlook
Hedge funds are not getting carried away
“Interestingly, 2y2y forwards (3 bps wider in favour of USD this morning) are not keeping track with the currency. Hedge funds are not getting carried away either. Long euro positions were fractionally lower last week.”
“Euro PMIs tomorrow and the German IFO on Wednesday are forecast to reinforce cautious optimism that the economy will dodge recession this winter.”
Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerAbrir cuenta demo y página personal