Euro Rally Gains Momentum as Traders Boost Leverage on EUR/USD Amid Diverging Central Bank Paths
Bank of America reports a sharp increase in leveraged long positions on the euro as investors anticipate ECB easing and a slower Fed rate cut path. This growing bullish sentiment on EUR/USD reflects a key monetary policy divergence and improving Eurozone economic indicators. However, BofA warns the trade is becoming crowded and potentially vulnerable to sudden reversals. Read more via Geoffrey Smith on Investing.com.