IMM finds that USD longs were cut heavily - Nomura

FXStreet (Guatemala) - Analysts at Nomura explained key findings that according to the IMM data for the week ended October 6.

Key Quotes:

"USD longs were cut by $2.1bn on the week ended Tuesday and an estimated $2.7bn further since. Estimated positioning is now $22.8bn, the least net long USD has been since July 2014.

NZD shorts were cut to $0.1bn as of Tuesday. By Friday’s close, positioning in NZD had switched to net long $0.2bn. This is the first time NZD positioning has been net long since May.

Specs bought $0.5bn worth of JPY, bringing positioning to -$1.8bn. This is less net short than 97% of the period since November 2012."
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