French political turmoil hits the euro as hedge funds' short bets hit a more than six-year high.

Zhitong Finance APP has learned that as France's political situation continues to be turbulent, causing unease in the European bond market and weighing on the euro's performance, hedge funds are increasing their bearish bets on the euro. The latest data shows that the net short position in the euro held by leveraged funds has risen to the highest level since March 2020, reflecting a further deepening of speculative traders' pessimism about the euro's prospects.