EUR/USD slumps to lowest in one and half years
Mumbai, Oct. 27 -- Euro has slumped today as broad undertone remained lax for the currency. EUR/USD pair broke under 1.1200 mark and added to losses today. It currently trades at 1.1162, down 0.39% on the day and hovering at lowest in one and half years. On NSE, EUR/INR futures are quoting at 106.59, down 0.57% on the day after falling under 107 mark in early moves. Meanwhile, large currency speculators slightly reduced net short in the Euro futures market but stays around a ten year high, according to the latest Commitment of Traders (COT) data released by the Commodity Futures Trading Commission (CFTC). The non-commercial futures contracts of Euro futures, traded by large speculators and hedge funds, totaled a net short position of 1345...
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