«When
you short euros against dollars, for example, you have some sort of fundamental view of their economies.
Not exact matches
NEW YORK, April 30 (Reuters)- Weaker - than - expected German data hurt the
euro against the U.S.
dollar on Monday, with investors further unwinding
short positions on the greenback that were based on assumptions that the European Central Bank was nearer to unwinding its stimulus.
While there has been a substantial scaling back in speculative
short positions
against the US currency in recent months, especially vis - à - vis the
euro, there is little sign that long positions in the Australian
dollar have been trimmed.
They are long major stock markets, junk bonds and emerging - market debt, and they are
short the
dollar against the
euro and
against commodity - based currencies.
Part of the increase in
dollar shorts was placed
against the
euro, but long JPY positions were also built further to reach 39.5 percent of open int...
We expect that the currencies of economies with relatively strong growth, where policy is likely to be tightened over the
short term, should appreciate
against the currencies of the G - 3 (U.S.
dollar,
euro and Japanese yen), where monetary policy is likely to remain loose over an extended period.»