– Volumes eased back on the day, but are still well above the average for the past year.
– USD/CAD activity has been increasing on bullish days and this signals investor appetite to buy the pair.
– There was a turn of events in EUR/GBP yesterday. Volumes continued to rise, but the low daily close signals that sellers are now taking control and a range trade is likely over the near term.
– There was a large increase in SEK volumes as investors squeezed out short positions in EUR/SEK and USD/SEK.
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Barclays