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FX Speculators Reduce Bearish Bets For Yen, Canadian & Australian Dollars
Article By:
Zachary Storella
Saturday, May 4, 2024 7:17 PM EDT
The COT currency market speculator bets were higher this week as eight out of the eleven currency markets we cover had higher positioning while the other three markets had lower speculator contracts.
EUR/USD Broke Above Recent Congestion As US NFP Miss Drove Down Greenback
Article By:
Joshua Gibson
Saturday, May 4, 2024 1:20 PM EDT
The EUR/USD currency pair drove into a fresh weekly high on Friday, breaking above recent congestion after a broad miss in US Nonfarm Payrolls labor and wages figures reignited hopes for an accelerated path towards Federal Reserve rate cuts.