you know the euro is in deep water when a doyen of the banking industry, lord jacob rothschild, takes a 200 million pound (314 million) bet against it.
A run of disappointing data in the eurozone and mounting concerns about the health of the global economy have prompted hedge funds and other.
lord rothschild has taken a near-130m bet against the euro as fears continue to grow that the single currency will break up.
Though eufx becomes the first -1x euro etf, there are a handful of products that can be used to hedge against the struggling currency. As mentioned above, proshares already offers an etf ( euo) that delivers -2x daily exposure to the euro.
9bn) against the euro, amassing the biggest ever short position in the single currency on fears of a eurozone.