For the week to Oct 20, leveraged funds increased net short euro positions by 1,305 contracts to 94.1k contracts, the largest since March 2020, equivalent to roughly €11.8bln of bearish exposure. Market concerns tied to French political turmoil, rising debt pressures and protests weighed on the euro. Investors also cited slowing Euro-area growth and limited ECB hiking scope, which could widen US–Europe rate differentials. EUR/USD fell 0.4% on the week.

2026-10-24

For the week to Oct 20, leveraged funds increased net short euro positions by 1,305 contracts to 94.1k contracts, the largest since March 2020, equivalent to roughly €11.8bln of bearish exposure. Market concerns tied to French political turmoil, rising debt pressures and protests weighed on the euro. Investors also cited slowing Euro-area growth and limited ECB hiking scope, which could widen US–Europe rate differentials. EUR/USD fell 0.4% on the week.