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Thursday, 02/28/2008 2:23:59 PM

Thursday, February 28, 2008 2:23:59 PM

Post# of 378
19:14 EUR/USD: CTAs Pare Back After Fresh Record High New York, February 28th. With EUR/USD soaring to 1.5229 at its peak, IMM players have pared back their longs, helping to pull spot back down to 1.5213, its post-peak low. Longs are roughly around E200-225mn, down from around E300mn earlier, on impressive volume of E865mn. Spot encountered decent bids on the dip, and has nudged up to the 1.5220 level, as traders head into month-end long and right, but not long enough.

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