19 Jan 2015
CHF shorts largest since mid 2013- SG
FXStreet (Guatemala) - Kit Juckes, Global Head of Currency Strategy at Societe Generale noted that with the US quiet for Martin Luther King Day, a post-SNB, pre-ECB contemplative mood is likely across markets.
Key Quotes:
"CFTC data show us that as of last Tuesday, the speculative end of the FX market was still increasing the size of its euro short while trimming its yen short."
"The US 10-year Treasury short was pared back more aggressively, and for the record, the Swiss franc short position was also increased to its largest size since mid-2013. I'm feeling stupider on that topic by the day."
Key Quotes:
"CFTC data show us that as of last Tuesday, the speculative end of the FX market was still increasing the size of its euro short while trimming its yen short."
"The US 10-year Treasury short was pared back more aggressively, and for the record, the Swiss franc short position was also increased to its largest size since mid-2013. I'm feeling stupider on that topic by the day."