Eurozone Debt Crisis - Euro Futures Positioning

 
on June 17 2011 12:57 PM

As expected the EUR/USD has been moving on any kind of rhetoric about Greece debt crisis. 

Talks of default sends the EURO down, talks of an aid package from both Germany and France this morning has sent the EURO versus the US Dollar higher reaching back above 1.43. 

Yesterday rumors were circulating that China would aid Greece once again which sent the EUR/USD to close at 1.4211 after reaching a low of 1.4073.

The following chart depicts the net long/short non-commercial contracts vs. the EUR/USD currency pair:

Courtesy of Reuters

http://graphics.thomsonreuters.com/11/03/EZ_CFTC0311_SB.jpg

Read: China: Can Big Brother Bail Out Greece, Europe Again?

 

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