Euro Bullish Bets Ease From Six-Year High Before Yellen: ChartBy
The euro-dollar three-month volatility skew is flattening from its steepest level since 2009 after Friday’s data showed that the U.S. jobless rate in January was the lowest in eight years. Investors, who were the most bullish on the euro in six years ahead of the data, are awaiting U.S. Federal Reserve Chair Janet Yellen’s testimony this week to determine whether the euro can extend gains against the dollar and test October highs above $1.14.
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