Hedge Funds' Short Euro Bets Hit Three-Year High
In the week ending October 20, leveraged funds increased their net short positions on the euro by 1,305 contracts to 94,100, the highest level since March 2020, corresponding…
In the week ending October 20, leveraged funds increased their net short positions on the euro by 1,305 contracts to 94,100, the highest level since March 2020, corresponding to bearish bets of approximately 11.8 billion euros. Political turmoil in France, debt pressures, and protests have heightened market concerns, weighing on the euro's performance. The euro has fallen 0.4% against the dollar this week.
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