26 Mar 2015
EMFX carry slowly rebuilding and Asia FX shorts lighten further – DB
FXStreet (Barcelona) - Daniel Brehon, Strategist at Deutsche Bank, comments on the EMFX and Asia FX positioning as on 24th March, 2015.
Key Quotes
“Slowly but surely interest is returning in EM carry as lower US rates stokes risk appetite. TRY and ZAR have both flipped long while MXN shorts have been trimmed further.”
“EMEA and Asia FX shorts are squaring up as the dollar struggles to extend previous gains against EUR and JPY, respectively.”
Key Quotes
“Slowly but surely interest is returning in EM carry as lower US rates stokes risk appetite. TRY and ZAR have both flipped long while MXN shorts have been trimmed further.”
“EMEA and Asia FX shorts are squaring up as the dollar struggles to extend previous gains against EUR and JPY, respectively.”