The level of EUR shorts increased again to its biggest levels for 5 weeks on the back of disappointing Q1 GDP data from Germany and France. Poor economic news will make the EUR more sensitive to ECB

FXstreet.com (Barcelona) - The single currency is trading in a better mood on Monday, orbiting around the 1.2855/60 region while posting decent gains vs. the US dollar.

According to the last CFTC COT report, Strategist Jane Foley at Rabobank commented, “The level of EUR shorts increased again to its biggest levels for 5 weeks on the back of disappointing Q1 GDP data from Germany and France. Poor economic news will make the EUR more sensitive to ECB easing talk”