Euro Outlook Clears as Funds Turn Bullish First Time in 3 Years
- UBS Wealth sees political sky ‘clearing over Europe’
- Money managers’ investment strategy shifts to overweight
HSBC's Bloom Sees Euro Going Upwards and Onwards
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With political risks in the euro area receding, investors are becoming more confident in buying Europe’s shared currency.
CFTC data showed last week that leveraged funds increased their euro positions to “net long” in the week ended June 13 for the first time in more than three years. The euro is the top-performing Group-of-10 currency versus the dollar this year, climbing more than 6 percent and set for its biggest annual increase since 2007.