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MNI's FX Positioning Indicator shows USD......>

FOREX
FOREX: MNI's FX Positioning Indicator shows USD positioning accelerated after
the Fed rate hike two weeks ago, with outright USD positioning now the largest
net long since June last year. Despite this, the USD net position would have to
triple to rival the size of the positioning seen at the end-2016.
FX Pi also finds:
-EUR: Net long position crumbles as traders cut positioning by 60% in one week
-JPY: Positioning pulls back, but remains historically high
-GBP: Net position worsens to the lowest since September as big business talks
up Brexit risk
-AUD: Worsening commodity prices send positioning south
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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