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

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.
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  • T Ramirez de Arellano
    , contributor
    Comments (2) | Send Message
     
    Retired, but watchful Investor.
    31 May 2012, 11:47 AM Reply Like
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