EUR short positions continued to grow – Rabobank

FXStreet (Edinburgh) - Senior Currency Strategist at Rabobank Jane Foley remarked the recent increase of the EUR short positions, according to the CFTC report.

Key Quotes

“Long USD positions continued to storm higher on expectations that the Fed could be preparing to hike rates this year”.

“Weak US inflation data could subdue the bulls going forward”.

“By contrast net EUR shorts increased again to an eight week high”.

“By stepping away from its EUR/CHF 1.20 floor, one large EUR buyer has been removed from the market suggesting shorts could surge even more in this week’s data”.

“In addition, ECB QE speculation continues to influence”.