Global FX Positioning_ Long USD Positioning Edges Higher Ahead of the FOMC Meeting
Edgar， Dunn & Company·2024-12-19 16:37
Exhibit 2: -10 -20 -50 Source: Bloomberg, Macrobond, Morgan Stanley Research; Data as of Tuesday, Exhibit 7: Exhibit 10: Options data and data from the futures market suggest that USD positioning is long ( Exhibit 7 ). USD/CAD is the preferred short and AUD/USD the preferred long from our short-term (weekly) contrarian strategy model ( Exhibit 8 ). Source: DTCC, Bloomberg, Macrobond, Morgan Stanley Research; Options data as of Friday, December 13; Futures data as of Tuesday, December 10. Note: Using options ...