The bearish sentiment of speculative traders towards the euro has reached its highest level since 2020.

Data released by the U.S. Commodity Futures Trading Commission shows that speculative traders' bearish sentiment toward the euro has risen to its highest level since 2020. This shift in positioning also indirectly reflects the current market participants' pessimistic expectations for the euro's subsequent trend. Such changes in speculative positions in the futures market often have a certain impact on the short-term volatility of the euro.