EUR/USD bears no longer count on the economic growth gap
The question “what came first, the chicken or the egg?” is one of the most common in Forex. In October, the USD featured the worst performance since early 2018, and, according to Bloomberg, it means that the risks that used to lure investors to safe-havens in September seem less dangerous now. UBS suggests that speculators are exiting U.S. dollar long trades expecting the improvement in the global economies, including China and the euro-area. The popular tabloid writes that the price takes into account everything; this approach has much in common…
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