By Jeremy Boulton — Nov 18 - 02:40 AM
Traders pare bulk of shorts held for 4 weeks
Net short reduced to $988 million from $6.8 billion in 2 weeks
EUR/USD sank to 1.0728-1.0541 while bets unwound - presumably profitably
Specs may be more inclined to reestablish profitable positions
Two other shorts in past two years lasted just 2 weeks each
Source:
Refinitiv IFR Research/Market Commentary