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Speculators' Bet On EUR's Fall Hit A Near Record High -CFTC

From efxnews.com

Speculative traders on the Chicago Mercantile Exchange set a near record high for their bet on the EUR's fall, data from the Commodity Futures Trading Commission showed on Friday. Traders increased their open short EUR position by 18% from a week earlier to reach a net of $27.7 billion - near the record high of $28.1 billion - as of Tuesday. That is inline with the market's general negative EUR sentiment given that the likelihood of Greece' EUR exit has increased significantly during the last 2 weeks. Moreover, The new round of Greek elections is likely to put more pressure on the EUR. "It is perfectly possible that ... (full story)

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