Euro Buys Merkel Time as Bund-Treasury Spread Widens
Last month:While a Bloomberg survey last month showed investors predict at least one nation will leave the currency within five years and that Greece and Ireland will default, traders are trimming bets the bloc will splinter.
Now:Speculators increased wagers the euro will rise to the highest since October as Merkel said Feb. 4 there was “broad consensus” on reaching an accord to boost competitiveness, including debt-limitation rules.
Don't be so sure about the market, traders change their bets every day.
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