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Speculators Aggressively Dumping USD, Paring EUR Shorts

From efxnews.com

Speculative traders on the Chicago Mercantile Exchange seemed to lose most of the remaining attraction to the USD going into the year-end, data from the Commodity Futures Trading Commission (CFTC) showed on Friday. Traders aggressively dumped USD by increasing their short USD bets from $818 million as of last week to $3.2 billion as of Tuesday. In a parallel move, traders continued to cover their EUR bets slashing their short EUR position by 5% after cutting it by another 50% last week to reach a total of $5.0 billion as of Tuesday. Looking ahead, "the USD is unlikely to make up much ground in the days ahead ... (full story)

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  • Category: Breaking News