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25 January, 2015

Morgan Stanley FX Positioning Analysis

  • Since Monday, January 12, positioning in currencies has shifted. The biggest long is in USD; the largest shorts in the majors are in EUR, GBP, and CAD.
  • CHF short positions were reduced intraweek. This was driven primarily by a shifting of sentiment.
  • AUD short positioning was also reduced, driven by buying from Japanese retail.
  • We will provide a full updated report and refresh positioning scores for all of our underlying sub-indicators on Monday.
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