- USD longs edged little lower, EUR shorts crept little higher - Rabobank
Market news
13 May 2019
USD longs edged little lower, EUR shorts crept little higher - Rabobank
- Having dropped lower in the November/December period in response to a more dovish outlook for the Fed, USD longs then consolidated for a lengthy period. Another leg lower occurred in mid-March.
- The level of JPY shorts lurched lower last week as tension in the market regarding US/China trade talks and Iran spiked higher.
- Net short GBP positions extended further for a third consecutive week.”
- Short EUR positions crept a little higher and are holding at their highest levels since December 2016.
- CHF net shorts edged down a touch in reflection of the demand for safe haven. That said, they remain at relatively elevated levels.
- CAD net shorts edged lower for a third consecutive week following the surge in mid- April that followed the dovish headlines that accompanied the BoC policy meeting.
- AUD net shorts dropped back last week following the steady policy decision from the RBA.
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