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FXToday · 21-12-2004, 08:37

Thanks for the reply

Basically, until last week, traders were very short of dollars against the Euro.

This has now changed acoring to the latest information with traders long of the dollar against the Euro.

Some caution is required, but the dollar cannot, therefore, look for a covering of short speculative positions to give it support.

This will increase the risk of another Euro push higher by early January, although the yield shift will offer hope for a dollar rally later in the first quarter of 2005.

21-12-2004, 08:37	#4 (permalink)
FXToday level 3 Join Date: Dec 2004 Posts: 371 Rep Power: 0	Thanks for the reply Basically, until last week, traders were very short of dollars against the Euro. This has now changed acoring to the latest information with traders long of the dollar against the Euro. Some caution is required, but the dollar cannot, therefore, look for a covering of short speculative positions to give it support. This will increase the risk of another Euro push higher by early January, although the yield shift will offer hope for a dollar rally later in the first quarter of 2005.