Euro Bulls Fired Up As German Coalition Talks Push Common Currency To Three-Year High

Euro Bulls Fired Up As German Coalition Talks Push Common Currency To Three-Year High

Long euro may be a crowded trade, but by God it's worked out pretty well over the past couple of days. You'll recall that the common currency got a boost from news that China is planning on diversifying its FX reserves away from U.S. Treasurys which of course suggests that euro debt will be the preferred alternative. Recall what BofAML wrote about this on Thursday: The announcement is timely as it coincides with President Macron’s official visit and an interesting takeaway from the comments
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