Based on the positioning data is for the week ending November 12, the Australia and New Zealand Banking Group (ANZ) says that the leveraged funds sold the US dollar (USD) whereas asset managers bought the greenback after five consecutive weeks of selling. Key quotes “Leveraged funds reverted to selling USD, while asset manager turned buyers after five straight weeks of selling. USD positioning will likely remain tied to incoming US data and developments on the trade deal front.” “Funds and asset managers changed stances on the euro (EUR); the former bought while the latter sold. Sluggish euro area growth is expected to underlie EUR weakness, while the British pound (GBP) has gained some ground on expectations of a win for the Conservative Party at the upcoming elections.” “Japanese yen (JPY) and Swiss franc (CHF) saw further overall selling. On commodity currencies, funds were buyers in Canadian dollar (CAD) and New Zealand dollar (NZD). With the Reserve Bank of New Zealand (RBNZ) surprising markets by keeping the OCR unchanged, further unwinding of NZD short positions are likely.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next PBOC sets Yuan reference rate at 7.0037 vs. Friday’s 7.0091 FX Street 3 years Based on the positioning data is for the week ending November 12, the Australia and New Zealand Banking Group (ANZ) says that the leveraged funds sold the US dollar (USD) whereas asset managers bought the greenback after five consecutive weeks of selling. Key quotes "Leveraged funds reverted to selling USD, while asset manager turned buyers after five straight weeks of selling. USD positioning will likely remain tied to incoming US data and developments on the trade deal front." "Funds and asset managers changed stances on the euro (EUR); the former bought while the latter sold. Sluggish euro area growth is… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
