FXStreet (Mumbai) – The Global FX strategy team at Nomura notes that estimated USD longs in the week ended June 16 stood at their lowest since July 2014.
Key Quotes
“USD longs were cut by USD 11.9 bn on the week ended Tuesday and a further USD 3.9 bn since.”
“Estimated USD longs are now USD 27.3 bn, the least since July 2014. For USD, it was also the largest weekly selling since June 2013.”
The Nomura team also notednet EUR shorts at least since July 2014.
(Market News Provided by FXstreet)