After it rises strongly ... bets on the arrival of the euro to this price against the dollar

The Euro trading records in the foreign exchange options market, which is more than $ 300 billion, are additional evidence that investors bet the European currency still has a margin for further climbing. The trading volume reached more than $ 56 billion on Thursday, according to Deposit Truage Corporation, collected by “Bloomberg”. It increases with more than four times the volume of Jenadie, which was second at 13 billion, and about five times the size of the Canadian dollar trade, which immediately came to the Japanese currency. Reach the euro $ 1.2? The data showed that currency traders focus on the euro purchase options that increase when the currency rises against the dollar, and that the amount of contracts rising at the $ 1.20 level level has risen over the past week. This indicates the flow of new funds to strategies that bet on the rise of the euro, while demand for the dollar is declining due to the US trade war and the increasing financial problems. “Investors who continue to buy contracts strongly and with great enthusiasm on the rise of the euro, and this is clear in the amount of euro options trading this week. If Trump is really a huge restriction on international trade, the Euro region will become the largest economic block in the world after America, investors will want to spread the euro level of $ 1.17 at the strongest level since the 2021 level.” Thursday, to reach its strongest level against the dollar since September 2021, in light of the ceasefire between Iran and Israel and the expectations that the US federal interest rates will lower, increasing pressure on the green currency. Historical financial spending plans in Germany also increase investor confidence that Europe has recently overcome the recession years, increasing the attractiveness of the conservation of the euro. Over the past month, the euro has strengthened its profits before most of the ten groups’ currencies and is currently trading near the highest level since a decade for currencies such as the Yuan. The speech of European Central Bank President Christine Lagarde in Sirmra, next week, may also be a new incentive for traders. Antonio Rogero, the conversion company specializing in foreign exchange and global payments, is: “The temporary support that the dollar has almost faded due to geopolitical tensions and its traditional attractiveness as a safe haven will continue to benefit from the constant pessimism in the dollar. With the lowest level in February. can achieve. “Investment data hereby supports, trading options and investment trends show that the market has convincing reasons for the belief that the euro can achieve more profits. The data of the Futures Trading Committee shows that asset managers are most optimistic about the united currency since the beginning of 2024. including Francis Chiong and Crystoger and Wong, wrote in a research note: “The factors that include the European Central Bank are to end the monetary facilitation cycle, in conjunction with the exit portfolios from the dollar and diversification of the reserves away from the dollar, can support alternative backstore.”