Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
May 31 - 05:55 PM

RPT - BUZZ-IMM: USD Long Cut As GBP, EUR Bought Aggressively; Yen Short Grows

By Paul Spirgel  —  May 31 - 04:10 PM

Repeat with no changes

  • USD net G10 long cut again -$3.72bn in May 22-28 period; $IDX -0.02%

  • Inflation, relative yields remains the key driver of FX pricing

  • EUR$ +0.33% in period, specs +16,097 contracts now long57,572

  • EZ inflation, employment data hot, setting up for 1 and done cut in June

  • $JPY +0.69%, specs -11,672 contracts now -156,039; wide rate diff $ positive

  • GBP$ +0.35%, specs +24,439 contracts now +25,402; less dovish BoE lifts GBP

  • $CAD -0.07%, specs +4,239 now -86,585; dovish BoC likely tempers CAD gains

  • AUD$ -0.26%, specs +6,317 contracts, now -49,916, RBA not seen cutting until May/Jul 2025

Source:
Refinitiv IFR Research/Market Commentary

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2024 eFXdata · All Rights Reserved
!