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Wednesday, September 28, 2022

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Retail Investors Pile into Currency Trading as Euro Slides to Parity With Dollar

Greg Doscher, a 40-year-old retail trader in Santa Barbara, California, has seen a 322% gain after pooling approximately $10,000 on a short position on the euro that he opened in late January. Despite soaring inflation, he argues the European Central Bank won’t act as aggressively to raise rates as the US Federal Reserve, further strengthening the dollar. 

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