Risks for Europe's forex market are rising into the weekend says Anello Asset Management partner Mark Hewlett. That's even if the selloff in the euro and other currencies against dollar remains manageable as crisis worries build. "The most overriding fear at the moment would be holding positions over the weekend, any weekend," says Anello. "You don't want to be caught holding positions and be left not knowing your counterparty risk...Overnight stuff you can ride ...[But] Friday afternoons are going to start to see more volumes as people wind up more positions." EUR/USD at 1.2570.
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