Traders Make Biggest Bet Ever Against The Euro Currency…. This Likely Will Be Bad For The Dollar In The End
Posted By thestatedtruth.com on February 9, 2010
Traders Make $8 Billion Bet Against Euro
Traders and hedge funds have bet nearly $8bn (€5.9bn) against the euro, amassing the biggest ever short position in the single currency.
Figures from the Chicago Mercantile Exchange, showed investors had increased their positions against the euro to record levels in the week to February 2.
The build-up in net short positions represents more than 40,000 contracts traded against the euro, equivalent to $7.6bn. More at www.ft.com
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