EFTA Document EFTA01459036

1 December 2015 Special Report: Euregfut a year on: alive and kicking, EUWUSD to break parity Our hypothesis that euro weakness has been driven by an ongoing shift in portfolio managers' preferences is also demonstrated by our new CORAX data, which show continual EUFI/USD selling by real money investors over the last twelve months. The leveraged community, by contrast, pared euro shorts after O1, perhaps because many investors underestimated the persistence or relevance of real money outf