EUR squeezing higher onto 1.34 handle - BBH

By FXstreet.com | August 08, 2014 AAA

FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted the surge up onto the 1.34 handle.



Key Quotes



"The euro has squeezed higher and reached a three-day high near $1.3410. The advance caught many participants by surprise."



"It seems largely to be a function of short-covering, as some players are moving to the side-lines given the greater uncertainty. There are reportedly large option expirations today, with strikes near $1.3400."



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