Draghi Outflanking Kuroda as Bearish Euro Bets Surge: Currencies
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With Mario Draghi poised to start injecting unprecedented amounts of money into the euro-zone economy, he’s already beating his Japanese peer in the global currency wars.
Bets on a weaker euro by hedge funds and other large speculators last month exceeded bearish yen wagers by the most since August 2012, data from the Commodity Futures Trading Commission show. Options suggest the shared currency is headed toward a 1 1/2-year low versus the yen, which would help the European Central Bank president achieve his ambitions of boosting growth and inflation.