The foreign exchange market is approaching a point where the issue of positioning is gaining in importance relative to the fundamental backdrop. Over the past couple of weeks, some trends have emerged that could be explained by the development of crowded trades, namely those involving USD or carry trades. Although the fundamentals supporting those positions […]

The foreign exchange market is approaching a point where the issue of positioning is gaining in importance relative to the fundamental backdrop. Over the past couple of weeks,…

The foreign exchange market is approaching a point where the issue of positioning is gaining in importance relative to the fundamenta