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Forex Flash: EUR enters 2013 in a net long position - Nomura

By FXstreet.com,  January 06, 2013, 06:52:00 PM EDT

FXstreet.com (Barcelona) - A $1.3bn increase in long EUR positions vs. USD brought the euro out of net short territory to reach its first net long position since midAugust 2011, notes Nomura strategists, who added: "Yen shorts were also reduced for the third week in a row by $1.0bn, bringing JPY to its smallest net short position since the week of 20 November, despite a 2.3% move higher in USD/JPY over the course of the survey week..." Meanwhile, "AUD pared back some of last week's losses in net long positioning, but changes in most other major currency positions were relatively small, amounting to less than $0.5bn..."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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