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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Markets Continue to Close USD Shorts as Uncertainty Rises
- The USD net position has improved in recent weeks as uncertainty over the more transmissible Delta variant prompts speculators to trim longs in high beta currencies, which corresponds with more heightening equity volatility since the beginning of July.
- This has prompted a net improvement in the USD position, with the net short shrinking by 22.8K to 72.1K in the week ending July 6.
- In addition, the significant tightening in Chinese credit and liquidity has been weighing on risky assets recently, which could increase preference for the US Dollar in the near to medium term.
- Speculators trimmed AUD, NZD and CAD most notably, while JPY and GBP net positions improved most markedly.
AUD Positioning Indicator holds close to multiyear lows
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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