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USD longs build up continues - BNPP

FXStreet (Delhi) – Research Team at BNP Paribas, lists down the latest currency positioning data.

Key Quotes

• “Positioning in G10 FX markets appears to be picking up with short positioning in the NZD, CAD and NOK rising.

• USD longs continue to build but remain moderate with a score of +12, leaving significant potential to add to USD longs.

• The largest net short positions are in the NZD (-20) and the CAD (-15), while AUD flips to a net short.

• GBP’s net positioning has declined to a score of -12 as the ‘IMM’ and ‘risk reversal’ components have reduced net long positions. There is substantial scope for GBP long positions to be rebuilt.”

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