Hedge Funds Rush to Cover Euro Short Bets Ahead of US Inflation

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Hedge Funds,Currency Traders,European Central Bank

(Bloomberg) -- Currency traders are positioning for a stronger euro, betting softer US inflation will bring the outlook for monetary policy on both sides of ...

-- Currency traders are positioning for a stronger euro, betting softer US inflation will bring the outlook for monetary policy on both sides of the Atlantic closer in sync.China to Start $138 Billion Bond Sale on Friday to Boost Economy

Economists forecast annual US consumer price growth decelerated to 3.4% in April from 3.5% the previous month, with the core reading also slowing. Inflation in the world’s largest economy has been overshooting expectations so far this year, causing a major repricing in rate-cut bets. The stock market is about to see a 10% correction, with further disinflation a 'pipe dream' and Fed rate cuts coming much later, Stifel says

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