31 October 2001, 09:44  Forex Traders squared short dollar positions

ahead of Wednesday's preliminary U.S. GDP release in U.S. hours, sending most major currencies lower vis-a-vis the dollar. Traders said most currency positions are "short term and more contained" of late, leading to quick shifts in currency pairs and a lack of liquidity. The euro-dollar closed at $0.9046 on Tuesday, well down from the $0.9101 highs seen earlier. Traders said one Asian named euro sell order near the highs would likely cap any additional rally in the pair.

© 1999-2022 Forex EuroClub
All rights reserved