Latest from Goldmans, the key takeaway is that Goldmans FX desk has been and continues to take it VERY cautiously since the conflict started, still no new trade for them in FX, meanwhile the commodity desk is long GOLD up to 2500 and reiterates the reasons, we agree but it's not something actionable short term, it's a longer term type of position trade
Side note, EURCHF longs have been stopped, the "diplomatic progress" still hasn't followed through and the EUR is under pressure with Europe's leaders calling for further (heavy) sanctions against Russia's exports
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