Monday, February 8, 2010

Traders in biggest ever euro short

Mr. Fire Marshal, is it getting crowded in here?
From the Financial Times' Money Supply blog:

Traders and hedge funds have bet nearly $8bn against the euro, amassing the biggest short position in the single currency since its launch on fears of a eurozone debt crisis.

Investors increased their bets against the euro to record levels in the week to February 2, according to the latest figures from the Chicago Mercantile Exchange, which are often used as a proxy of hedge fund activity....MORE