Forex Flash: Large EUR/AUD built; positioning pain in long AUD? - Saxo Bank
Forex pairs in this Article »
EUR/AUD
FXstreet.com (Barcelona) - There has been some serious squeeze in the EURAUD, rising over 130 pips or nearly 1%, with the price moving from a 10-week low at 1.2160 to currently be knocking at 1.23 doors.
According to John J Hardy, Head of FX Strategy at Saxo Bank, "this suggests that very large EURAUD shorts have been building and there could be some positioning pain out there in long AUD trades."
According to John J Hardy, Head of FX Strategy at Saxo Bank, "this suggests that very large EURAUD shorts have been building and there could be some positioning pain out there in long AUD trades."
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