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Why December has been a cruel month for FX traders

Discussion in 'Fundamental Analysis' started by ForexLive, Dec 11, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Bets on central banks go wrong Bloomberg has a good article about the difficulty trading so far this month. The ECB and RBNZ caught traders wrong-footed. "Investors are clearly finding it harder to read central banks," said Mansoor Mohi-uddin, senior markets strategist at Royal Bank of Scotland Group Plc in Singapore. "Central banks are all hoping the Fed's imminent tightening will weaken their domestic currencies against the greenback, so they're holding back on meeting the market's expectations for further easing."

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