EUR/USD: Profits taken as market exceeds in-house QE expectations - Nomura

FXStreet (Bali) - Nomura FX Strategists have taken profits in their EUR short positions as market QE expectations - in terms of sizing - have now surpassed the bank's initial case.

Key Quotes

"The focus this week will be on the ECB. Our economists have long been suggesting the ECB could move to sovereign bond QE as early as January, and based on recent price action in EUR, we suspect that the market may have also begun accepting this, and even surpassing our expectations in terms of sizing. This is why we took profits on our EURUSD short positions."