-
Speculators Aggressively Dumping USD, Paring EUR Shorts
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)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Dec 15, 2012 12:32pm Dec 15, 2012 12:32pm
- moaf
- | Joined Jan 2012 | Status: Mother Of All Forex | 910 Comments
- Comment #2
- Quote
- Dec 15, 2012 1:04pm Dec 15, 2012 1:04pm
- Guest
- | IP XX.XX.199.173
- Comment #3
- Quote
- Dec 15, 2012 2:10pm Dec 15, 2012 2:10pm
- Mingary
- Joined Mar 2011 | Status: I should be on your ignore list | 2344 Comments
- Comment #4
- Quote
- Dec 15, 2012 2:36pm Dec 15, 2012 2:36pm
- moaf
- | Joined Jan 2012 | Status: Mother Of All Forex | 910 Comments
- Comment #5
- Quote
- Dec 15, 2012 3:08pm Dec 15, 2012 3:08pm
- staffpro1
- | Additional Username | Joined Nov 2012 | 49 Comments
- Comment #6
- Quote
- Dec 15, 2012 5:24pm Dec 15, 2012 5:24pm
- IbroTapha
- | Joined Aug 2011 | Status: Trade Safely | 88 Comments
- Comment #7
- Quote
- Dec 15, 2012 6:56pm Dec 15, 2012 6:56pm
- Guest
- | IP XXX.XX.71.139