6 Apr 2015
US Dollar net longs bounced off their peak - Nomura
FXStreet (Bali) - As noted by Nomura Research Team, referring to the IMM data for the week ended March 31, non-commercial accounts reduced USD longs by $4.0bn, bouncing back from a high of $52.3bn.
Key Quotes
Our real-time estimator suggests that USD longs could have been reduced more since Tuesday.
USD longs were increased on the week by $4.0bn into Tuesday, and a further $0.4bn since.
EUR shorts reached a new high on Tuesday at -$30.4bn; our high-frequency indicator shows that investors sold another $1.1bn by Friday
JPY shorts were reduced by $2.3bn up to Wednesday, taking the net short position to -$2.5bn; as of Friday, investors are estimated to have sold another $0.3bn worth of JPY.
Key Quotes
Our real-time estimator suggests that USD longs could have been reduced more since Tuesday.
USD longs were increased on the week by $4.0bn into Tuesday, and a further $0.4bn since.
EUR shorts reached a new high on Tuesday at -$30.4bn; our high-frequency indicator shows that investors sold another $1.1bn by Friday
JPY shorts were reduced by $2.3bn up to Wednesday, taking the net short position to -$2.5bn; as of Friday, investors are estimated to have sold another $0.3bn worth of JPY.