Hedge Funds Look Past The Euro’s Stumble and Like What They See

(Reuters) Hedge funds are looking past the euro’s drop this week and remaining bullish, encouraged by an improved economy and political stabilization. The single currency EUR= has been the standout trade in foreign exchange markets this year, climbing more than 12 percent against the dollar in 2017. Long positions in the euro are now at their greatest in five years, positioning data show.

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