US commodity futures trading commission announced market activists in last week acted upon more sales of EURO Short sales contracts for 17,717 contracts with a value of USD 2.6 billion and extended it to a total of 68,559 contracts costing USD 9.5 billion.
Mr. Mario Draghi’s new phase of expansionary monetary policy, ECS’s initiating purchase of European countries’ bonds and increase of the bank balance sheet, along with lack of plans on Euro interest rate growth have led to weaken Euro.
