Thursday, November 12, 2009

Euro-Put Premium Signals Doubt About Rally: Technical Analysis

(Bloomberg) -- Lower demand for call options on the euro relative to put options is sending a signal that traders may doubt the currency can continue to gain against the dollar, according to Brown Brothers Harriman & Co. The euro rose 18 percent versus the greenback since March 4, when it reached its low for the year of $1.2457 as investors sought safe assets. The 16-nation currency touched $1.5063, the high for the year, on Oct. 26 as investors increased holdings in riskier assets.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a9dOq7isRW8k

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