(Bloomberg) -- Samarjit Shankar, director of global strategy for the foreign exchange group in Boston at Mellon Financial Corp., comments on the euro's decline against the dollar today.
``People are unwinding some of the euro long positions,'' he said. ``It is a continuation of the correction we saw last week. U.S. data isn't completely on the weak side. The market has been way too long on the euro.'' A long position is a bet on a currency's advance.
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