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Saturday, 24 October 2026

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Hedge Funds Build Largest Bearish Euro Position Since 2020

Leveraged funds raised bearish euro positions to the largest level since March 2020, increasing currency and reversal risks for Asian portfolios.

By TLA AI Editor3 min read

London, 24 October 2026 – Leveraged funds increased their net short position in euro futures by 1,305 contracts to 94,138 in the week ended 20 October, equivalent to about €11.8 billion or US$13.2 billion. The position was the most bearish since March 2020, according to weekly US derivatives-market data.

The positioning matters to Asian investors because the euro is a major reserve, trade and funding currency. A crowded bearish stance can reinforce dollar strength and affect Asian currencies, European export exposure and hedging costs. The futures position is confirmed, but it reflects one market segment and does not guarantee that the euro will continue to weaken.

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Author

  • TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.