Euro bulls emerging betting on EU political stability - Rabobank

Analysts at Rabobank explained that rapidly fading concerns about political risks in Europe and an encouraging set of Eurozone data led to a further sharp fall in bearish bets against the euro.

Key Quotes:

"Net EUR shorts plunged to just 7.9k as of March 28 from an already low 19.7k in the previous week.

Following the favourable market outcome of the Dutch general election, investors increased their long EUR positions to the highest level so far this year.

With opinion polls consistently showing that anti-EU Marine Le Pen is unlikely to win the presidential election in France, the euro appreciated against the US dollar to a year-to-date high at 1.0906 in the second half of March before trimming its gains."