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19 Apr 2015
USD longs cut again - Nomura
FXStreet (Bali) - According to the IMM data for the week ended April 14, positioning in USD fell by $1.3bn to $46.5bn, Nomura notes.
Key Quotes
"Since Tuesday we estimate net longs were cut further to $46.0bn. USD positioning had only been less long one week since October 2014."
"JPY shorts were cut by $0.1bn on the week ended Tuesday. However, our real-time indicator suggests JPY shorts continued to get cut into Friday’s close, with estimated positioning finishing the week at -$1.8bn. This would be the least net short JPY has been since October 2012."
"MXN shorts were cut again this week, by $1.0bn, bringing positioning to $0.3bn. This is the first time positioning in MXN has been long since September 2014."
"Specs took off some of their EUR shorts with $0.9bn of buying into Tuesday. However, they reengaged with $0.4bn of selling again into Friday’s close. Overall, we estimate positioning in EUR to be -$28.7bn, not far from the local low of -$30.4bn from March."
Key Quotes
"Since Tuesday we estimate net longs were cut further to $46.0bn. USD positioning had only been less long one week since October 2014."
"JPY shorts were cut by $0.1bn on the week ended Tuesday. However, our real-time indicator suggests JPY shorts continued to get cut into Friday’s close, with estimated positioning finishing the week at -$1.8bn. This would be the least net short JPY has been since October 2012."
"MXN shorts were cut again this week, by $1.0bn, bringing positioning to $0.3bn. This is the first time positioning in MXN has been long since September 2014."
"Specs took off some of their EUR shorts with $0.9bn of buying into Tuesday. However, they reengaged with $0.4bn of selling again into Friday’s close. Overall, we estimate positioning in EUR to be -$28.7bn, not far from the local low of -$30.4bn from March."