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1 Sep 2015
Investors keep scaling back EUR shorts – Rabobank
FXStreet (Edinburgh) - Senior Market Strategist Christian Lawrence at Rabobank assessed the performance of EUR and USD according to the last positioning report.
Key Quotes
“Net EUR shorts dropped heavily again last week. This is consistent with the better tone of the EUR in the spot market and suggestive of investors unwinding carry trades as concerns about Chinese growth hit hard”.
“Net USD longs continue to decline. Although expectations of a rate hike have been fluctuating between September and December a growing minority have been calling for a later move in 2016”.
Key Quotes
“Net EUR shorts dropped heavily again last week. This is consistent with the better tone of the EUR in the spot market and suggestive of investors unwinding carry trades as concerns about Chinese growth hit hard”.
“Net USD longs continue to decline. Although expectations of a rate hike have been fluctuating between September and December a growing minority have been calling for a later move in 2016”.