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8 Feb 2016
USD positioning remains constructive – ANZ
FXStreet (Edinburgh) - Senior FX Strategist at ANZ Irene Cheung has assessed the last USD positioning report.
Key Quotes
“Leveraged funds reduced their net long USD positions by USD1.5bn to USD22.6bn in the week ended 2 February, reversing the gain in the previous week”.
“Positioning in the ICE US Dollar Index, however, saw a small gain of USD0.1bn in net USD longs to USD4.4bn”.
“At any rate, price action since then suggests a substantial pare-back of net
USD longs, only to be followed by some rebuilding last Friday on the back of a good US payroll report”.
Key Quotes
“Leveraged funds reduced their net long USD positions by USD1.5bn to USD22.6bn in the week ended 2 February, reversing the gain in the previous week”.
“Positioning in the ICE US Dollar Index, however, saw a small gain of USD0.1bn in net USD longs to USD4.4bn”.
“At any rate, price action since then suggests a substantial pare-back of net
USD longs, only to be followed by some rebuilding last Friday on the back of a good US payroll report”.