Flash: EUR/USD buying shows signs of slowing? – UBS
FXstreet.com (New York) – Research Analyst Gareth Berry at UBS analyzes the flows of the EUR/USD over a weekly basis.
“Turnover remained subdued for another week, however the flows through the EUR/USD was only three-quarters of normal, giving the Eurozone’s trade surplus greater latitude to influence the price action.”
Moreover, “We were net buyers of NZD and AUD, while the Swiss franc endured another wave of moderate selling. Despite dropping three big figures at one point last week, turnover through NZD was light and corporates were keen buyers of the dip.”
“Hedge fund turnover through AUD/USD continued to swamp flow from all …read more