Bets rise euro to weaken on ECB easy money

Hedge funds are betting against the euro on the prospect of the ECB boosting its easy-money policy at its gathering next month.

Bets rise euro to weaken on ECB easy money
Tue, 20 Aug, 2019 - 09:30

Hedge funds are betting against the euro on the prospect of the ECB boosting its easy-money policy at its gathering next month.

Speculators increased their bets on the euro’s decline to their highest level in almost three months, according to positioning data up to August 13 from the US Commodity Futures Trading Commission.

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