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5 Aug 2013
Flash: EUR CFTC shorts reduced - OCBC Bank
FXstreet.com (Barcelona) - Emmanuel Ng of OCBC Bank notes that on the CFTC front, net speculative EUR shorts were reduced in the latest week.
Key Quotes
“We retain the view that the EUR remains relatively more well equipped to capitalize on potential USD weakness.”
“In the near term, a move above 1.3300 may open the way back to 1.3350. On the downside, any break of the 1.3200 floor may see a drift back towards the 1.3150 area.”
Key Quotes
“We retain the view that the EUR remains relatively more well equipped to capitalize on potential USD weakness.”
“In the near term, a move above 1.3300 may open the way back to 1.3350. On the downside, any break of the 1.3200 floor may see a drift back towards the 1.3150 area.”