2 Feb 2015
USD longs growing at a slower pace – Scotiabank
FXStreet (Edinburgh) - According to Camilla Sutton, Chief FX Strategist at Scotiabank, investors kept building up long positions in the greenback, albeit at a slower pace.
Key Quotes
“CFTC weekly data highlights a relatively stable $46bn USD long position, held mainly against EUR, which at $26bn accounts for 56% of the longs followed by JPY and AUD”.
“Every currency is held net short against the USD but this week there were minimal changes, likely highlighting some hesitancy in building on outstanding positions”.
Key Quotes
“CFTC weekly data highlights a relatively stable $46bn USD long position, held mainly against EUR, which at $26bn accounts for 56% of the longs followed by JPY and AUD”.
“Every currency is held net short against the USD but this week there were minimal changes, likely highlighting some hesitancy in building on outstanding positions”.