10 Jun 2013
Flash: The AUD sell off is notable - Nomura
FXstreet.com (Barcelona) - Looking at last week´s COT positioning data, Nomura strategists feel that the AUD selling is notable.
They feel this way as current positions are now the most short in history (-$5.7bn), and shorts were added to until Friday, according to real time indicator. They write, “This makes sense, as the AUD did not participate in the broad based USD sell off, and it sold off during the day on Friday. Clearly, spec investors are very bearish on the AUD even at current levels.”
They feel this way as current positions are now the most short in history (-$5.7bn), and shorts were added to until Friday, according to real time indicator. They write, “This makes sense, as the AUD did not participate in the broad based USD sell off, and it sold off during the day on Friday. Clearly, spec investors are very bearish on the AUD even at current levels.”