EUR net shorts least since July 2014 – Nomura

FXStreet (Mumbai) - The Global FX strategy team at Nomura notes, “net EUR shorts fell to their least since July 2014 during the week ended June 16.”

Key Quotes

“Noncommercial accounts reduced their EUR shorts through USD 6.9bn of EUR buying, bringing net positioning to negative USD 12.6 bn, least net short EUR since July 2014 and the largest weekly buying of EUR since June 2013.”

“Since Tuesday, we estimate shorts have been further reduced by USD 1.2bn, with positioning at –USD 11.4bn currently.”

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