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7 Sep 2013
Flash: Reduced exposure to the dollar was the theme - TD Securities
FXstreet.com (London) - Research teams at TD Securities noted a reduced exposure to most currencies in favour of the USD was a clear trend this week.
Key Quotes:
“A reduced exposure to most currencies in favour of the USD was a clear trend this week, although to a much a smaller degree than with the EUR and CAD”.
“GBP net shorts were extended to 43.0k contracts, from 38.2k; JPY net shorts were pushed slightly to a greater extreme of 79.8k, from 78.4k; and MXN net longs were cut to just 0.7k, from 7.2k (the smallest net long position since June 2012)”.
Key Quotes:
“A reduced exposure to most currencies in favour of the USD was a clear trend this week, although to a much a smaller degree than with the EUR and CAD”.
“GBP net shorts were extended to 43.0k contracts, from 38.2k; JPY net shorts were pushed slightly to a greater extreme of 79.8k, from 78.4k; and MXN net longs were cut to just 0.7k, from 7.2k (the smallest net long position since June 2012)”.