USD: Speculative longs steady as Fed hikes – Rabobank
Rabobank’s RaboResearch Global Economics & Markets FX Strategy team notes that USD net long speculative positions were broadly unchanged, with both longs and shorts rising modestly. The Federal Reserve raised its overnight policy rate by 25bp on September 16, matching expectations.
Rabobank's RaboResearch Global Economics & Markets FX Strategy team reports that USD net long speculative positions have remained relatively steady following the Federal Reserve's 25bp hike on September 16, matching market expectations. Both long and short positions increased by 2,000 positions. The OIS curve suggests investors anticipate more than three further hikes by the end of next year.
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