Hedge Funds Exit Bullish Euro Bets Before Greenland Threat (1)

Hedge funds closed their bullish euro positions just days before US President Donald Trump threatened to impose new tariffs on European nations as he ramped up efforts to take over Greenland.

Leveraged funds flipped to a small net short on the common currency during the week ended Jan. 13, data from the Commodity Futures Trading Commission show. It was the first bearish shift since late November, and the move may add to the downward pressure on the euro after Trump proposed the levies unless there’s a deal for the US to acquire Greenland.

“Hedge funds will be happy to be ...