Analysts at UBS AG note that the single currency is likely to be declining versus the greenback up to the end of 2010 as the futures traders decline the bets on the advance of the pair EUR/USD. Euro finds itself under pressure of sovereign debt crisis that has become the center of the financial markets’ attention.

According to the data from Commodity Futures Trading Commission, (CFTC) net shorts on euro were 8,293 on November 23, while a week earlier net positions were long with their number equal to 8,606.



Chart. H4 EUR/USD

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