German election day 2: Euro ‘relief’ as single currency makes gains
The single currency gained 0.3 per cent in early trading in Europe to $1.0489. The currency briefly hit a high for the year during morning trading in Asia, rising as much as 0.7 per cent to $1.0528. “Obviously some relief is showing through in the euro now,” said Tony Sycamore, a market analyst at IG Australia.
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Cyprus Mail on MSN6h
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Large currency speculators in the Euro futures market continue to stay net short, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC).
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