Back
5 Aug 2013
Flash: EUR short covering notable - Nomura
FXstreet.com (Barcelona) - Nomura strategists comment that the notable CTFC positioning shift during the week was the short covering in EUR by noncommercial investors, a $3.2bn reduction, which brought the overall position close to flat at -$1.4bn.
Key Quotes
“The other overall theme was selling of USD vs. all other currencies as well, though in much smaller size.”
“The only exception to this was the AUD, where continued dovishness from the central bank pushed spec positions to another record short level (-$6.6bn) after $0.6bn of net selling.”
Key Quotes
“The other overall theme was selling of USD vs. all other currencies as well, though in much smaller size.”
“The only exception to this was the AUD, where continued dovishness from the central bank pushed spec positions to another record short level (-$6.6bn) after $0.6bn of net selling.”