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Overvalued euro set to plunge ‘within months’

Posted on 09 March 2009

From Telegraph: Spread betting companies have reported a huge wave of short euro trades in the last two weeks, leading to speculation that a significant correction in the currency will come in the next few months.

Investors take out short trades when they expect a currency to fall. In recent days, futures traders in the US have significantly increased their bets that the euro will fall against the dollar….. Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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