Currency ETPs kick off
Martin Arnold, senior analyst at ETF Securities in London said volumes traded in currency-linked ETPs were up 80% on the weekly average.
“The majority of the platform is now short-euro strategies and about 57% is dedicated just to short euro/long US dollar positions," said Arnold. "It is in contrast to two to three weeks ago, when we saw around 35% in total for short-euro strategies."
Arnold said that, with the Ireland incident, currencies such as the Swedish krona have come under pressure
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