Some of the Euro Nations are Getting into Difficulties in the Deb Market and May Need Some Help; Report and analysis by Rishaad Salamat of Bloomberg News (First Word)
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Bloomberg, February 18, 2009
Money is better than poverty, if only for financial reasons. —Woody Allen
According to the CFTC data for the week ended Tuesday, net shorts again went to a record high in the euro after last week's modest drop. Net shorts in the pound fell a touch from last week's record high. In contrast, net longs in the Canadian $ rose by 60% to the most since Nov '07 and net longs in the Australian $ rose 26% to a 7 week high. Net longs in gold rose for a 4th week, up slightly. Net longs in crude rose to a 7 week high....
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