EUR-shorts trimmed further – Rabobank

FX Strategist at Rabobank Piotr Matys has assessed the last IMM Net Speculators’ Positioning.

Key Quotes

“The speculators also further trimmed their bearish bets on the euro amid rapidly fading market expectations that the Federal Reserve will raise interest rates this year”.

“Last week Fed Chair Janet Yellen acknowledged that “a lot has happened since” the Committee hiked rates for the first time in almost a decade in December”.