With the euro approaching its highest level vs. the greenback in more than a year, the net euro...
With the euro approaching its highest level vs. the greenback in more than a year, the net euro long position at the CME triples to $3.6B, according to the CFTC. Now currency trading at the Merc is no more than a thimble of water in the ocean of worldwide currency trading, but it's a sign of an overcrowded side of the boat nevertheless.
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