USD index
- Thread starter Piptaker
- Start date
I don't think it will have much impact on EURUSD since Italy isn't a dominant nation but EURUSD may appreciate until there is an actual change in interest rate in US dollar.
Are u kidding? If another major member was to exit it could send Euro into downward spiral, as it could signal the breakup of EU.
Any reason why Italy would do that? If they exit then it will certainly have impact on EURO. But I haven't seen any news that signals that yet. Besides, why would Italy do that? Their economy sucks and so is their old currency Lira
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commercial traders have been hedging by buying EURUSD in November, why? Swim do you know any particular reason? are they anticipating that EURUSD will rise in the near future? Please shed some light thanks
It has more to do with the Italian bonds-- their ability to borrow. The Italian banks are already shaky. Markets generally don't like instability, nor do most who would invest in a business. It's all about having faith in what seems to be a patched together system. The Trader in me says sell political and economic instability and ask questions later.
Speculators have better information and yes, their overall position tells that it anticipate EURUSD to depreciate in the future...