Bearish positioning towards the euro remains at extreme levels, according to the CitiFX...

|By:, SA News Editor

Bearish positioning towards the euro remains at extreme levels, according to the CitiFX Positioning Indicator. Adding to the usual reasons for being short euros is talk the SNB - a buyer of the euro vs. the franc - is covering itself by selling euros vs. the dollar (probably just talk as this doesn't make a whole lot of sense). The euro is flat at $1.2372.