Blackrock said last night that USD has become too expensive as a currency to shorten in a carry trade model. The world’s biggest fund manager might have given us the most USD bullish signal of the week. It is for sure something to reflect on. There are a few more scheduled events that might stir up things a bit today. CPI data from France and Italy should be noticed but likely have less of impact. There could be more from an early morning speech by Mario Draghi and also from the ECB’s Monthly
Reported by FXstreet.com 3 hours ago.
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