Hedge Funds Cut Bullish Euro Bets at Fastest Pace Since February
- European Central Bank may ease to mitigate pandemic’s impact
- Investors are unlikely to turn net euro sellers: Tokai Tokyo
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Hedge funds are trimming bullish euro bets at the fastest pace in eight months as a resurgence of coronavirus infections in Europe damps the growth outlook.
Leveraged funds reduced net long euro positions by a total of 20,870 contracts in the two weeks ended Oct. 13, according to data from the Commodity Futures Trading Commission on futures and options.