When US equity averages outperform their peers, passive money managers need to sell the excess dollars accumulated to rebalance to their benchmarks. This should see some modest upward pressure on EUR/USD at the upcoming 16:00 GMT fixing.
When US equity averages outperform their peers, passive money managers need to sell the excess dollars accumulated to rebalance to their benchmarks. This should see some modest upward pressure on EUR/USD at the upcoming 16:00 GMT fixing.
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