Equities pushing the forex risk pairs higher. FTSE and CAC both up close to 1.0%
you bring up a real interesting point. My take is that equities often act as the cash market which often affects the movements of the zero sum markets (like spot fx). With equities moving higher, and traders/investors perceiving a less risky environment, this is partially driving the longs in the riskier currencies (i.e. long EUR).
If that is, indeed, your thinking, what’s your take with what’s been going on the last couple months in the Yen markets?
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