Economics
Euro Calls Rally to Highest Since 2009 as Draghi Defied
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The options market isn’t convinced European Central Bank President Mario Draghi will succeed in his aim to weaken the euro.
The cost of bullish wagers on the Euro Currency Trust rose to the highest level since September 2009 relative to bearish bets last week, according to data compiled by Bloomberg. The U.S.-listed exchange-traded fund that tracks the euro versus the U.S. dollar has slipped 0.1 percent since Draghi unveiled stimulus measures for the euro-area economy.