Financial Times FT.com

Traders make $8bn bet against euro

By Peter Garnham, Victor Mallet and David Oakley in London

Published: February 8 2010 11:48 | Last updated: February 8 2010 19:03

Traders and hedge funds have bet nearly $8bn (€5.9bn) against the euro, amassing the biggest ever short position in the single currency on fears of a eurozone debt crisis.

Figures from the Chicago Mercantile Exchange, which are often used as a proxy of hedge fund activity, showed investors had increased their positions against the euro to record levels in the week to February 2.

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