Forex Marketz Daily Forex News – Fully Markets Update
USD longs added once again – Deutsche bank
FXStreet (Mumbai) – Oliver Harvey, macro strategist at Deutsche bank, notes that additions to dollar long positions that begun in mid-June.
Key Quotes
“As a fraction of open interest, implied USD longs rose to 53%. According to traders in financial futures data, leveraged funds marginally reduced their implied USD longs, whereas asset managers added a considerable amount to their positions from 50% in the previous week.”
“By contrast, gross shorts in JPY were cut down significantly, reducing the net short position over the week. Meanwhile, net short positions in EUR, GBP, CAD, AUD, MXN and NZD were extended.”
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USD longs added once again – Deutsche bank
Source: FXStreet
