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20 Apr 2015
Net USD longs pared slightly – OCBC
FXStreet (Barcelona) - With USD trading rudderless, and specs paring USD long positions, Emmanuel Ng of OCBC Bank, comments that investors maintain their focus on yields and fluctuating risk appetite.
Key Quotes
“Soft global equities and slightly more nervous sovereign risk premiums saw the FXSI (FX Sentiment Index) ticking higher within Risk-Neutral territory on Friday with the index also ending higher on the week.”
“On the CFTC front, net leveraged implied long dollar positioning was pared slightly in the latest week, portending the softer broad greenback into the latter part of the week.”
“With the USD still seen slightly rudderless, expect investors to potentially keep their focus on the search for yield and risk appetite fluctuations.”
Key Quotes
“Soft global equities and slightly more nervous sovereign risk premiums saw the FXSI (FX Sentiment Index) ticking higher within Risk-Neutral territory on Friday with the index also ending higher on the week.”
“On the CFTC front, net leveraged implied long dollar positioning was pared slightly in the latest week, portending the softer broad greenback into the latter part of the week.”
“With the USD still seen slightly rudderless, expect investors to potentially keep their focus on the search for yield and risk appetite fluctuations.”