It's been a particularly quiet start to the trading week with the USD regaining some of last week's lost ground, but not much. A key theme that emerged at the end of September was the selling of the USD against everything - there's evidence that many-a-trader is jumping onto this bandwagon. IMM data released last week showed that USD shorts reached an extreme level, while AUD, CHF and EUR longs increased dramatically. Logically there should be some relief in the near term.
You might also like...
Rainmaking in the world economy
19 April 2024
Oman receives Madha industrial city tender prices
19 April 2024
Neom seeks to raise funds in $1.3bn sukuk sale
19 April 2024
Saudi firm advances Neutral Zone real estate plans
19 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.