USD shorts reduce (BNPP Global FX Positioning Tracker)
USD shorts reduce to a score of -9 (+/−50 scale) from -15 last week, as sentiment worsens across other G10 currencies as well as Latam and CEEMEA FX. Our proxy for electronic trading venues builds longs while real money investors continue to reduce shorts.
GBP longs reduce to +28 from +36 last week, as our proxy for real money investors reduces longs while electronic trading venues turn bearish. Similarly, EUR longs unwind to +1 with our proxy for electronic venues now holding EUR shorts.
In CEEMEA FX, sentiment worsens across all currencies except ILS. HUF and ZAR longs both reduce to scores of +4 as our proxy for electronic trading venues turns bearish.
In Latam FX, BRL longs reduce to +4 from +15 last week as our proxies for local futures and local macro funds build shorts.
In Asia FX, KRW shorts reduce to -12 from -20 last week, as our DTCC component reduces shorts.
GBP longs reduce to +28 from +36 last week, as our proxy for real money investors reduces longs while electronic trading venues turn bearish. Similarly, EUR longs unwind to +1 with our proxy for electronic venues now holding EUR shorts.
In CEEMEA FX, sentiment worsens across all currencies except ILS. HUF and ZAR longs both reduce to scores of +4 as our proxy for electronic trading venues turns bearish.
In Latam FX, BRL longs reduce to +4 from +15 last week as our proxies for local futures and local macro funds build shorts.
In Asia FX, KRW shorts reduce to -12 from -20 last week, as our DTCC component reduces shorts.
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