EUR – The euro dropped to a five-year low on Wednesday, rekindling speculation that the currency could reach parity versus the dollar for the first time in two decades, as fears of a Eurozone recession and energy supply concerns encouraged investors to pile on the bearish bets.
Indeed, commenting on EUR’s outlook, Citi simply concluded that “more downside is likely… speculative positioning is much cleaner than before, suggesting scope for bigger “short” accumulation.”
Indeed, commenting on EUR’s outlook, Citi simply concluded that “more downside is likely… speculative positioning is much cleaner than before, suggesting scope for bigger “short” accumulation.”
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.