Spread betting companies have reported a huge wave of short euro trades in the last two weeks, leading to speculation that a significant correction in the currency will come in the next few months, the Telegraph said. Data released by the Washington-based Commodity Futures Trading Commission on Friday showed that the “net short position” of trades against the euro by hedge funds and speculators almost doubled in the week to March 3 to 19,431 contracts from 10,081 contracts a week earlier.

This entry was posted by Stacy-Marie Ishmael on Monday, March 9th, 2009 at 5:32 and is filed under Capital markets. Tagged with euro. Edit this entry.