Hedge fund EDL sees euro sliding

EDL Fund: The euro will plunge to levels not seen since the early days of its inception over 20 years ago

FRANKFURT: Macro hedge fund EDL Capital is betting that the euro will plunge to levels not seen since the early days of its inception over 20 years ago, as rampant inflation feeds instability in politics and bond markets that may test the region’s cohesion.

That could cause the start of a “euro bear market” in a shift from the current bout of dollar strength that’s weakened the common currency, said Edouard de Langlade, the founder of EDL.