Saturday, February 6, 2010

Down with the euro

Feb. 5 (Bloomberg) -- Futures traders increased bets to a record level that the euro will decline against the U.S. dollar on concern budget deficits in Greece and other European nations will hamper the region’s economic growth.
The difference in the number of wagers by hedge funds and other large speculators on a decline in the euro compared with those on a gain, the net position, was 43,741 on on Feb. 2, compared with 39,539 a week earlier, figures from the Washington-based Commodity Futures Trading Commission show...
http://www.bloomberg.com/apps/news?pid=20601083&sid=agUhfMPn3D3M

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