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Asia Turnover Remains Subdued With China Out, Citi Note Modest USD Short Positioning Skew

FOREX

Desks noted that Asia-Pac turnover remained subdued owing to the ongoing mainland Chinese holiday (mainland markets re-open on Monday), with interbank FX turnover 25-30% below recent norms.

  • Elsewhere, Citi note that “positioning is starting to skew short USD, but there is plenty of room for additional USD selling against NZD, SEK, as well as the majority of CEEMEA and LatAm currencies.”
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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