Euro Shorts Squeezed as ETFs Jump
January 03, 2012 at 11:17 AM EST
The record number of speculators shorting the euro were feeling the pain on Tuesday as exchange traded funds pegged to the currency’s movements against the U.S. dollar rallied nearly 1%. CurrencyShares Euro Trust (NYSEArca: FXE) gained 0.9% in midday trading. “Hedge funds increased their bets...
