Hedging shift supports Euro holdings – BNY

Hedging shift supports Euro holdings – BNY

The post Hedging shift supports Euro holdings – BNY appeared on BitcoinEthereumNews.com. BNY’s EMEA Macro Strategist Geoff Yu notes that the ECB’s February decision has capped further Euro strength, with the Governing Council likely comfortable with current guidance and a high bar for reacting to currency moves. BNY’s iFlow data show recent EUR/USD dynamics increasingly driven by Eurozone-based asset allocators, as they raise hedging on U.S. por…