(Bloomberg) Hedge funds boosted wagers on euro weakness to the highest since May this week before the European Central Bank delivered a stimulus package that was less aggressive than investors anticipated, sending the shared currency soaring.In a sign that large speculators in the world’s biggest currency pair were caught off guard by the ECB, bets on further deprecation outweighed those on a gain by a net 182,845 contracts in the week through Dec. 1, according to Commodity Futures Trading Commission data. The single currency surged 3.1 percent on Dec. 3, the biggest rally since 2009.
Hedge Funds Raised Short Euro Bets to Most Since May Before ECB
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