Investing.com UK on Nostr: BofA notes broad USD sell-off on positive US data ========== Bank of America reported ...
BofA notes broad USD sell-off on positive US data
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Bank of America reported that investors had broadly sold off the US dollar last week, influenced by slightly positive economic indicators from the United States. The movement came in response to somewhat encouraging US inflation data and softer-than-expected retail sales figures. Real money investors now hold a slightly short position on the currency, while hedge funds' long positions on the US dollar remain near the highest levels seen in the past five years. The Australian dollar (AUD) saw increased interest, with investors continuing to build their long positions. Short positions in the Swedish krona (SEK) and the New Zealand dollar (NZD) experienced a slight reduction. Emerging market currencies, particularly in Europe, the Middle East, and Africa (EMEA) and Asia, attracted attention, with buying activity focused on the Turkish lira (TRY).
https://uk.investing.com/news/forex-news/bofa-notes-broad-usd-selloff-on-positive-us-data-93CH-3507313
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Bank of America reported that investors had broadly sold off the US dollar last week, influenced by slightly positive economic indicators from the United States. The movement came in response to somewhat encouraging US inflation data and softer-than-expected retail sales figures. Real money investors now hold a slightly short position on the currency, while hedge funds' long positions on the US dollar remain near the highest levels seen in the past five years. The Australian dollar (AUD) saw increased interest, with investors continuing to build their long positions. Short positions in the Swedish krona (SEK) and the New Zealand dollar (NZD) experienced a slight reduction. Emerging market currencies, particularly in Europe, the Middle East, and Africa (EMEA) and Asia, attracted attention, with buying activity focused on the Turkish lira (TRY).
https://uk.investing.com/news/forex-news/bofa-notes-broad-usd-selloff-on-positive-us-data-93CH-3507313