Monday, March 29, 2010

A look at the euro bears

March 29 (Bloomberg) "...futures traders are more optimistic on the greenback than any time since 1999, the year the European Union’s shared currency was introduced. Hedge funds and other large speculators had 74,917 more wagers the dollar would rise than contracts that profit from it falling as of March 23, the widest gap on record, Commodity Futures Trading Commission data show...
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Comment: It's good to see that a huge short position against the euro is in place.

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