Euro Getting Creamed As Bearish Bets Reach Highest Level Since Last June

The euro is down big today against the dollar, falling 1.30% over the course of the day, as traders stash cash in other currencies.

Dow Jones reports that net short positions on the euro are at their largest since June 2010, while net long positions on the dollar increased 59% to $13.66 billion.

The dollar rose against all the major DM currencies today, including the yen.

The euro’s fall today continues the drop-off we’ve witnessed over the last month and a half, as the sovereign debt crisis worsens on the Continent.

Take a look at how far the euro has fallen today:

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