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Thursday, March 28, 2024

Net Speculative Euro Shorts Back To Record Levels

Courtesy of Tyler Durden

After declining marginally in the prior week from a previous record, net euro short positions surged to a brand new record, hitting an all time record of -74,551, according to the CFTC’c Commitment of Traders. This compares to last week’s -66,770 net short positions. The previous euro short record was -71,623 attained on February 23, when Greece had still to be renamed to AIG. Yen shorts declined modestly, after surging as we pointed out, by over 32,000 position in the prior week, and were at 26,488 this week. Does this indicate the euro squeeze is over? Today the euro closed stronger, after Greece is now stuck in permastrike mode, while Goldman is trying to sell euros to clients, known elsewhere as victims.

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