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Veksler: Don't bet on EURUSD parity

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FX traders are wondering just how far EURUSD can go after it hit a seven month low in recent days. Trader Ken Veksler, the MD of Accumen Management, says we could easily test the March lows of 1.0460 soon. However, he doesn't think parity with the dollar is on the cards and here he explains his trading strategy.
As figures out this Tuesday showed the UK is still in deflation, Ken also looks at sterling. Its strength has confounded some traders but Ken believes its levels can easily be justified.
As we wait to see whether the FED will increase US rates in December and if the ECB will increase its stimulus measures in the coming weeks, Ken is looking further afield for opportunities. They could well lie in the Canadian dollar. He says the recent rise in USDCAD could be overdone and he explains his thinking.