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USD again setting new highs - Nomura

FXStreet (Bali) - As Nomura reports, for the week ended November 18, non-commercial accounts bought $2.4bn worth of USD, bringing USD positioning to $51.1bn, a new all-time high.

Key Quotes

"For the week ended November 18, non-commercial accounts bought $2.4bn worth of USD, bringing USD positioning to $51.1bn, a new all-time high. Since Tuesday, we estimate that speculators added another $2.6bn of USD longs, bringing total net longs to $53.7bn. "

"Specs sold $0.9bn of EUR on the week, bringing EUR positioning to -$26.4bn. Our real time estimates suggest shorts increased to -$27.8bn by Friday‟s close, just shy of the local low of -$28.1bn from earlier in November."

"GBP was sold to the tune of $1.0bn on the week, bringing net shorts down to -$2.3bn from -$1.3bn last week. This is the most net short GBP has been since September 2013. Our real time estimator suggests positioning continued to fall, to -$2.5bn by Friday‟s close."

"JPY shorts increased by $1.0bn, to -$9.9bn from -$8.9bn last week. While short, this is roughly in the middle of the distribution of positioning from the past year."

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