Currency commotion drives funds to sidelines
New York
AMID the commotion surrounding the European Central Bank (ECB) meeting and US employment report last week, some traders in the US$1.3 trillion-a-day euro-dollar market are rushing to the sidelines.
There isn't much profit to be made trading on the ECB's decision to expand stimulus while the US Federal Reserve inches closer to raising interest rates, according to UBS AG and OppenheimerFunds Inc. That's because both moves were widely telegraphe…
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