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increase speculators €

EUR / USD contract net speculative accounts.

hedge funds and other speculative players have their bets on Europe's common currency in the futures markets once again increased. In the past Trading week was the positive balance between EUR / USD purchase contracts and EUR / USD sales contracts by speculative accounts at +45,598. In the previous week, the surplus had been in favor of the euro +32,464 contracts.

This speculators are so optimistic about the euro price trend not seen since October 2010. At that time, positive EUR / USD balances had been made on the futures market in Chicago (CME) of +48,243 and +46,748. Then saw the euro / dollar rate developments EUR / USD 1.4280 to rise by 4 November 2011.

is currently the euro exchange rate at $ 1.3750. The annual high is $ 1.3860 and was on 2 Reached in February 2011. From the perspective of technical analysis would require the overcoming of the maximum annual sand in 2011 paved the way for a rise to 1.40 dollars and beyond.

ECB interest

fundamentals could become such a soaring single currency against the dollar by raising interest rates the European Central Bank (ECB) supported. The Italian central bank chief and possible successor of the current ECB President Jean Claude Trichet, Mario Draghi, warned of inflation risks. Moreover, Draghi said that higher interest rates would not threaten weaker economies in the euro area.

The current inflation appears to be the European Central Bank (ECB) with a thorn in the side. Thus, in the last week five leading central bankers expressed concern about the current inflation rate of +, 2 4 per cent. Analysts are eagerly awaiting the new inflation forecast of the ECB, which the monetary policy meeting on 2 / 3 March 2011 will be published.