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Citi Highlight Leveraged USD/EM Selling As A Driver In Reduction Of USD Longs

FOREX

Citi’s FX quant team has noted that “investors remain long USD with the CitiFX Positioning Indicator at +4.9 (out of max +10 long), having come down last week. The measure peaked at +8.6 earlier this month as long USD positioning was relatively crowded but since then hedge funds have been strong net USD sellers, which continued last week.” They pointed to leveraged selling of USD/EM crosses as a general driver of the downtick in long USD positioning last week..

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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