A Morgan Stanley strategist quoted data as saying that on the eve of this week's interest rate meeting between the Federal Reserve and the Bank of England, investors have increased their long positions in the US dollar and short positions in the British pound. Strategists Molly Nickolin, David Adams, and Andrew Watrous wrote in the report: “Options pricing data shows that investors have increased their long positions in the US dollar index and increased their short positions in the pound.” They said, “Options data points to long positions in the US dollar, while futures market data also shows that there are too many US dollar positions. Asset management institutions mainly go long on the euro and short the pound, while leveraged funds mainly go long and short on the New Zealand dollar.”
Zhitongcaijing · 1d ago
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A Morgan Stanley strategist quoted data as saying that on the eve of this week's interest rate meeting between the Federal Reserve and the Bank of England, investors have increased their long positions in the US dollar and short positions in the British pound. Strategists Molly Nickolin, David Adams, and Andrew Watrous wrote in the report: “Options pricing data shows that investors have increased their long positions in the US dollar index and increased their short positions in the pound.” They said, “Options data points to long positions in the US dollar, while futures market data also shows that there are too many US dollar positions. Asset management institutions mainly go long on the euro and short the pound, while leveraged funds mainly go long and short on the New Zealand dollar.”
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