Guys Who Bet News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Later at a cheaper price. guys were shorting the euro. the euro at $1.30, $1.28, and they bet it would keep going down. on friday nobody thought about t.a.r.p. 2, basically. it was trading at $1.25. on sunday, 2:45 in the morning european time, they approved this measure to give $1 trillion in basically stimulus money. now the euro takes off because it looks more stable. it s not going to go down anymore. in effect, these guys who bet that the euro was going to go down to maybe $1.20 have to cover their risk. reporter: because it s going higher. it s going higher. today it s at $1.28, $1.29. you re talking millions and millions of dollars, like i said, there were $16 billion in shorts just on the euro. that it was going to go down. reporter: they were basically betting the euro would go short, meaning down. in other words, they had to protect themselves because the euro began to trade higher on ....

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