Put options represent right to sell euros at a predetermined rate. Investors anticipate deeper decline in the common currency. The bulls need a better-than-expected German IFO to stall the sell-off.
Read Full Story at source (may require registration)
- 2020-2021 Exchange Rate Forecasts: US Dollar Tipped To Weaken, GBP/USD Target 1.40, EUR/USD Forecast At 1.22 - October 27, 2020
- EUR/USD challenges weekly lows around 1.1800 - October 27, 2020
- EUR/USD and GBP/USD edge lower as USD/JPY moves cautiously higher - October 27, 2020