News Headline Summary

Scotiabank writes: The net EUR position has shifted to net long for the first time since August 2011; however the shift did not come from a pairing in short positions but instead from a building in longs...

...Suggesting that the EUR market is relatively balanced.

JPY is now the only currency held net short against the USD; however the net position decreased week‐over‐week to USD 11.6bln. Considering how bearish sentiment has become it is surprising to see that the long:short ratio is 1:4, with longs even adding to positions w/w.

04 Jan 2013 - 22:15 - - Source: Scotiabank

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