c2-mon-RTR2YNMG-Alex Domanski

After three years, the euro is finally trending again 💶

22,399

In early May, there were 22,399 more contracts in the US futures markets expecting the euro to rise in value than contracts expecting it to fall.

Published   |  Photo by Reuters/Alex Domanski
c2-mon-RTR2YNMG-Alex Domanski
22,399

That was a major change from the previous three years, when there were always more contracts that showed that US traders expected the euro to fall.

c2-mon-RTR2YNMG-Alex Domanski
22,399

Net positioning in the euro by speculative traders

c2-mon-RTR2YNMG-Alex Domanski
22,399

This shows that traders are becoming more optimistic about Europe, in part because of the victory of Emmanuel Macron in France, and the steady pace of the eurozone’s recovery.

Published

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