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Speculative Investors Joined The Crowd, Betting On More EUR Loses -CFTC

From efxnews.com

Speculative traders on the Chicago Mercantile Exchange aggressively bet on more EUR loses, data from the Commodity Futures Trading Commission showed on Friday. Traders increased their open short EUR position by 32% from a weak earlier to reach a net of $23.4 billion as of Tuesday, according to the CFTC's weekly commitment of traders report. In doing so, they joined the list of major market players expecting the single currency to fall vs. the US dollar in the short term amid the rising uncertainties in Europe. Examples for those on the EUR bears' list are Credit Suisse which sees the pair trading at 1.25 in 3 months, ... (full story)

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