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US dollar positioning warns of fewer bets on weakness

Posted on 05 May 2011

Continued US Dollar weakness has not necessarily been met with continued bets on and hedges against further declines, warning that participation is waning as the Euro approaches the key 1.50 mark.

FX futures data shows that Non-commercial traders—typically large speculators—remain very heavily net-short the US Dollar across almost all major counterparts……………………………………….Full Article: Source


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