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Everyone Hates The Euro - EUR Shorts Hit New Record High

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Presented with little but incredulous comment as the net short-interest speculative commitment of traders in EUR futures breaks to yet another record (at over 155k contracts) with no squeeze in sight yet...

whether it is the larger unlevered real-money exiting or simply that the catalyst for a squeeze hasn't arrived yet (QE3?), EURUSD is holding at August 2010 lows for now...next stop 1.2588?

 

Chart: Bloomberg


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