Hedge Funds Bet on Euro to Fatten Up Meager Returns

(Reuters) Hedge funds turned their most bullish on the euro in well over six years last week, betting it will rise in value and put a gloss on what has so far been a mediocre year for returns.The latest futures market positioning data from the Chicago Mercantile Exchange show speculators increased their net long euro positions to 98,079 contracts in the week to Oct. 10, the most since May, 2011.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply