The euro's tumble below $1.08 for the first time in three years may be only...
- The euro’s tumble below $1.08 for the first time in three years may be only the first milestone in its downward journey, with global newsflow, economic data and option market positioning all seemingly stacked against the single currency.
Less than two months into 2020, the currency pair is showing signs it might break out of last year's $1.15/$1.09 range Now many reckon the 17-year low of $1.0340 - reached in January 2017 - could be in sight for the currency. Whether that low is hit or not, market players are betting on more downside.
over the past week. That's taken the ratio of euro put-call traded volumes to the widest since last August.
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