FXStreet (Edinburgh) – Senior Currency Strategist at Rabobank Jane Foley assessed the last positioning report.
Key Quotes
“Bearish pressure on the AUD stepped up again last week after the CNY devaluation”.
“The previous week following net shorts had decreased following the change in the RBA’s policy statement”.
“Negative pressure on CAD positions intensified once again as oil prices dropped”.
“Net EUR shorts extended in the wake of the Chinese devaluation last Tuesday. Spot activity later in the week, however, suggests that the EUR subsequently found greater support
(Market News Provided by FXstreet)