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Trader, analyst and instructor with a 6-year experience

BNP Paribas: short on EUR/NZD

According to analysts at BNP Paribas, short EUR exposure versus higher-yielding currencies remains attractive amid stabilization in risk sentiment.

In line with this view, the large French bank went short on EUR/NZD on Wednesday, targeting 1.5500 with a stop above 1.6250.

Chart. Daily EUR/NZD

 

EUR
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