Monday 15 August 2011

Traders Slash Bets Against Dollar by Record Amount as U.S. Treasuries Soar

http://www.bloomberg.com/news/2011-08-14/traders-slash-bets-against-dollar-by-record-amount-as-u-s-treasuries-soar.html?cmpid=

Aggregate bets the greenback will weaken against the euro, the yen, the Australian, Canadian and New Zealand dollars, the pound, the Swiss franc and the Mexican peso plunged by 154,105 contracts to 153,216 in the week ended Aug. 9, the biggest drop ever in Commodity Futures Trading Commission data compiled by Bloomberg beginning in November 2003.

The data show that for the first time since January traders are betting the currency will appreciate versus the 17-nation euro on speculation Europe’s sovereign-debt crisis is spreading.

No comments:

Post a Comment