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Why is the EURUSD Trading Bid and Will it Last?

Why is the EURUSD Trading Bid and Will it Last?

4 Years ago | October 14, 2015 00:00:00

With EURUSD confounding the chorus of forecasts calling for parity this year the question being asked is why is it trading bid? The most obvious explanations are unwinding of carry trades amid global growth concerns that have pressured equities and expectations of Fed rate hikes being pushed out to next year.

However, there may be another factor that has not gotten too much attention. This is the closing of some prominent hedge funds employing macro strategies in a market where big theme trends have not played out. While I am not privy to how these hedge funds op

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