Speculative traders on the Chicago Mercantile Exchange significantly pared their overall anti-EUR wager, data from the Commodity Futures Trading Commission showed on Friday. Traders decreased their open short EUR position by 25% from a week earlier to reach a net of $8.6 billion as of Tuesday. However, some analysts warn that the EUR could still be poised to a series of sell-offs in the short to medium term on fundamental reasons. "Interest-rate differentials continue to move broadly against the EUR, and indeed a simple analysis of two-year swap rates suggests a value of EUR/USD closer to 1.20 than 1.30," says Bank ... (full story)