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14 Apr 2015
Dollar longs trimmed, but euro shorts remain – DB
FXStreet (Barcelona) - Strategist at Deutsche Bank, review the IMM Commitment of Traders Reports for the previous week.
Key Quotes
“Investors reduced their long dollar exposure in the past week reaching levels last seen around mid December. As a fraction of open interest, implied USD longs declined to 60% from 65% previously. TFF data show that leveraged funds increased their long positions, whereas asset managers’ long positions remained more or less the same.”
“According to net non-commercial positioning data, positioning has been quite stable except for AUD, NZD and.MXN. AUD saw addition of shorts, MXN a reduction in shorts and NZD an addition of longs.”
“Elsewhere, shorts were scaled down in GBP and CAD.”
“EUR short positioning, though with a little scale down, remain near its historical extreme. According to TFF data, however, both leveraged funds and asset managers increased EUR shorts.”
“Leveraged funds added shorts in GBP, CHF and AUD while scaling back shorts in JPY, CAD and MXN.”
“Leveraged money also added longs in NZD. Asset managers’ holdings saw little change except for marginal increases in AUD and NZD shorts and slight reduction in GBP shorts.”
Key Quotes
“Investors reduced their long dollar exposure in the past week reaching levels last seen around mid December. As a fraction of open interest, implied USD longs declined to 60% from 65% previously. TFF data show that leveraged funds increased their long positions, whereas asset managers’ long positions remained more or less the same.”
“According to net non-commercial positioning data, positioning has been quite stable except for AUD, NZD and.MXN. AUD saw addition of shorts, MXN a reduction in shorts and NZD an addition of longs.”
“Elsewhere, shorts were scaled down in GBP and CAD.”
“EUR short positioning, though with a little scale down, remain near its historical extreme. According to TFF data, however, both leveraged funds and asset managers increased EUR shorts.”
“Leveraged funds added shorts in GBP, CHF and AUD while scaling back shorts in JPY, CAD and MXN.”
“Leveraged money also added longs in NZD. Asset managers’ holdings saw little change except for marginal increases in AUD and NZD shorts and slight reduction in GBP shorts.”