Holding Euro Positions May Get Expensive as Overnight Rates Spike | DailyFX: "End of the Quarter Means Euro Demand Surges, Japanese Fiscal Year End Makes JPY Expensive
We often see such sharp supply and demand imbalances at important dates in the calendar year—namely months, quarters, and years. These are the times in which many borrowers or lenders must settle major positions, which may involve buying back or selling significant amounts of a specific currency."
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