forget about tomorrow, just steal away into the night
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Speculators Halted Their Anti-USD March; Kept EUR Bets Almost Unchanged
Speculative traders on the Chicago Mercantile Exchange retreated from their aggressive anti-USD bets which scored the highest level in a year as of last week, data from the Commodity Futures Trading Commission showed on Friday. Traders decreased their open short USD position by 9% from a week earlier to reach a net of $17.9 billion as of Tuesday. The USD has been the victim of the Fed latest round of quantitative easing "QE3", but some analysts see that negative impact gradually fading. "Our evidence on ex-post reactions to Fed QE in FX markets demonstrates diminishing marginal downside in the USD,"says ... (full story)