|
The Largest Weekly Amount In EUR History;
As risk sentiment remained positive, a number of pivotal positioning changes occurred this week. They were:
$11.4bn worth of USD longs unwound and $1.4bn worth of commodity currencies net bought.
The decrease in long USD position of $11.4bn was mostly as result of short covering in EUR ($6.3bn), GBP ($2.3bn) and JPY ($1.9bn).
The positioning score of +9.0 indicates that the net Dollar position is still very stretched on the long side when taking into account rate differentials. |
|