Banking on a e/$ breakout

Trevor Dinmore, FX strategist at the bank in London, said Deutsche anticipated that once there was a breakout from the 120--124 range the move would be a big one. He said they foresaw that changes in market positions would lead to a large break from the consensus view on the euro/dollar. "Once the core short-dollar positions that had been held over the past couple of years had been neutralised by market participants, we correctly anticipated a large breakout from the trading range." Similarly, S

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