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Speculators Aggressively Dumping The EUR
For the second consecutive week, speculative traders on the Chicago Mercantile Exchange continued to add aggressively to their EUR shorts and USD longs, data from the Commodity Futures Trading Commission (CFTC) showed on Friday. Traders increased their EUR shorts by 179% from last week to reach a total of $4.3 as of Tuesday. In a parallel move, traders increased their USD longs by 70% to reach a total of $21.5 as of Tuesday. Looking ahead, relative growth, and hence policy expectations will remain the main driver of FX markets next week, said Adam Myers, senior FX Strategist at Crédit Agricole in London. "In ... (full story)
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