FX Talk

From the FXWW Chatroom; Last 2 weeks in August are always popular holiday times in the US and Europe with hedge fund managers. Positions will be trimmed before traders go away and short GBP and EUR against the USD and the JPY have been popular plays. No sign of any panic yet but cable above 1.31 and EUR/USD above 1.1425 could hasten the short covering. (PB)

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