1. Being short means selling the euro in anticipation that it will decline and then buying it back at a profit at the lower price. 2. The imbalance has more people wanting to sell euros than buy them. 3. This has led to transactions that effectively sell euros for dollars to lock in current rates, which would give the dollar a boost. 4. Currency traders used the intervention as an opportunity to sell euros at a higher rate, he added. 5. Fearing intervention, currency traders are still hesitant to aggressively sell euros. 6. In currency dealings, the dollar was dragged down as investors sold euros for yen on concerns over weakening economies in Europe. 7. In currency trading, the U.S. dollar weakened as investors sold euros for Japanese yen on European economic worries. 8. In other currencies, the euro was sold against the yen mainly due to the Kosovo conflict, which shows no signs of ending, they said. 9. Martin Pislcait, owner of a store selling collectibles ranging from rare coins to basketball cards, was offering double the face value for anyone looking to sell euros. 10. That weighed on the dollar because traders selling euros for yen typically sell euros for dollars and then dollars for yen. |