EUR shorts keep scaling back – Rabobank

FXStreet (Edinburgh) - Jane Foley, Senior FX Strategist at Rabobank, reviewed the last report on net speculators’ positioning.

Key Quotes

“Having dropped sharply the previous week net EUR shorts increased modestly suggesting that the recent aggressive unwind of EUR short positions may be running out of steam”.

“Net USD longs have edged lower having dropped more sharply the previous week. Expectations of a September Fed rate hike have been pared significantly over the past month although a robust set of August Labour data may lend the USD support this week”.