mycryptopot — The demand for the US Greenback (USD) skilled a big uptick, notably in opposition to the Rising Market International Alternate (EMFX), as traders wrapped up 2024 with a protracted place on the USD, in accordance with Financial institution of America.
The remainder of the G10 currencies, nevertheless, noticed a impartial stance from traders, whereas EM FX was brief.
The USD-EM FX demand was particularly outstanding within the fourth quarter of 2024. Hedge fund positioning was notably stretched throughout this era, with actual cash positioning showing lighter.
Within the G10 currencies, traders ended 2024 with a protracted place on each the USD and the Australian Greenback (AUD), whereas the Canadian Greenback (CAD), New Zealand Greenback (NZD), and Swiss Franc (CHF) had been brief. The USD demand in opposition to the Euro (EUR) and British Pound (GBP) was notably excessive within the fourth quarter.
The Norwegian Krone (NOK) and CAD had been probably the most offered currencies in 2024. Hedge funds had been at their most lengthy positions on AUD and USD, and at their most brief positions on CAD.
Actual cash was very lengthy on GBP, and lengthy on AUD and USD, whereas it was brief on NOK, NZD and EUR. The sentiment for USD in choices considerably improved within the fourth quarter in opposition to each EUR and GBP.
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