Weakness in Eurozone’s economic data has led traders to trim bets on higher euro but raise short bets for further decline. As suggested in the CFTC Commitments of Traders report in the week ended February 11, NET LENGTH in USD Index gained +2 353 contracts to 19 486. Speculative long positions soared +11 750 contracts and short positions rose +9 397 contracts. Concerning European currencies, NET SHORT for EUR futures increased +10 589 contracts to 85 669. Selloff of the single currency continued as GDP growth in 4Q19 came in weaker than expected. The economy grew +0.1% q/q in the last quarter of 2019. From a year ago, GDP only expanded 0.9%, compared with consensus of. We expect further increase in NET SHORT for the coming week. NET LENGTH for GBP futures added +8 097 contracts to 21 084.