Euro net shorts reach another record high

After reaching a record high last week dating back to its introduction in 1999, net shorts in the euro, according to the CFTC, rose again from a net 44k contracts last week to 57k contracts this week for the week ended Tuesday. In a related trade, net longs in gold and silver both fell to its lowest level since Aug ’09. Net longs in both the Canadian and Australian $’s fell to the lowest since July ’09. Net longs in crude fell by half and are now down 70% after reaching a record high 4 weeks ago. Net longs in corn are at the lowest level since Oct ’09.

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