Friday, June 1, 2012

Reuters: US Dollar Report: Net euro shorts jump to largest on record-CFTC

Reuters: US Dollar Report
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Net euro shorts jump to largest on record-CFTC
Jun 1st 2012, 20:02

NEW YORK, June 1 | Fri Jun 1, 2012 4:02pm EDT

NEW YORK, June 1 (Reuters) - Bets against the euro soared to record highs in the latest week, according to data from the Commodity Futures Trading Commission on Friday, as worries about the euro zone sovereign debt crisis intensified.

Net euro shorts jumped to 203,145 contracts, the largest on record, compared with 195,361 contracts the previous week.

This pushed the value of the net long U.S. dollar position to $37.51 billion as of Tuesday, from $35.14 billion previously.

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