Early Europe walks in to see EUR at much higher levels
It will be interesting to see what the Europeans think of EUR/USD near 1.3100? I think we may see some selling initially as clever longs book their post-FOMC profits and some of the crosses return to more equilibrium levels. There is little reason for EUR/AUD or EUR/GBP to move significantly on Fed policy, but that is what happened.
I shorted earlier GU & EU. The moves yesteday was much exagerated and fundies didn’t really change (yet) so keeping my USD bullish bias and short for GBP & EUR.
Anyway … one more day and I’m on holiday 🙂
Hi Sean,
I found it strange crosses like EURAUD dropped when risk-on. They usually went down when the sky is blue and up when cloudy. I’ve started selling them hoping this was just a market lag.
=> I found it strange crosses like EURAUD climbed when risk-on. Typo again 🙂