FXStreet (Edinburgh) – Senior FX Strategist at ANZ Khoon Goh, assessed the last CFTC Speculative Positioning report.
Key Quotes
“Leveraged funds continue to add to their USD exposure, increasing overall net long positions by USD3.4bn to USD27.6bn. This is the fourth consecutive week of net dollar buying”.
“The CFTC data covers the first day’s positioning moves following China’s devaluation and shift to a new exchange rate regime on 11 August”.
“Positioning in the ICE US Dollar Index, which is a direct play on the USD, rose by USD0.7bn to USD0.8bn, its highest level since mid-January this year”.
(Market News Provided by FXstreet)