Euro bearishness reawakened post-Cyprus
The crisis in Cyprus has caused a surge in euro bearishness, with foreign exchange traders unwinding long euro positions and some commentators suggesting the future of the eurozone has been thrown into further uncertainty by the troubles of the past two weeks.
"The confidence the market had in a quiet period of the euro crisis has been, if not shattered, then severely dented over the past weeks," says Kevin Rodgers, global head of foreign exchange at Deutsche Bank in London. "A lot of long
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