Futures Show Traders Reverse Bets on Euro to Drop Versus Dollar
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Futures traders are betting on a decline in the euro versus the dollar for the first time in seven weeks on concern growth in the euro region may slow and Italian elections will lead to a renewal of turmoil.
The difference in the number of wagers by hedge funds and other large speculators on a decline in the euro compared with those on a gain, the so-called net shorts, was 9,394 contracts in the week ended Feb. 26, Commodity Futures Trading Commission data show. There were 19,103 net-long contracts a week earlier.