Wednesday October 14, 2015 - 11:27:15 GMT
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Why is the EURUSD Trading Bid and Will it Last?
With EURUSD confounding the chorus of forecasts calling for parity this year the questions being asked is why is it trading bid? The most obvious explanations are unwinding of carry trades amid global growth concerns that have pressured equities and expectations of Fed rate hikes being pushed out to next year. However, there may be another factor that has not gotten too much attention.
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