March 21, 2023 01:53 GMT
Citi: Long USD Positioning Still Dominant
USD
Citi’s quant team note that their weekly positioning indicator reveals that “long USD positioning is still dominant. Investors increased their USD exposure slightly last week moving the CitiFX Positioning Indicator up to +5.7 (out of max long +10). However, positioning is still only about 50% of the largest net USD exposure we have seen in the past year.”
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