Long AUD Exposure has Increased Substantially - BNPP

Long AUD Exposure has Increased Substantially - BNPP

18 April 2016, 17:29
Roberto Jacobs
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Long AUD Exposure has Increased Substantially - BNPP

James Hellawell, Research Analyst at BNP Paribas, lists down their FX Positioning Analysis till 18th April 2016.

Key Quotes

• “Long AUD exposure has increased substantially. Combined with the USD, AUDUSD net positioning is at a multi-year high.

Short NZD positioning has unwound at a score of -6 from -27.

• The long EUR, CHF and SEK long exposure has been fully unwound. EUR, CHF and SEK positioning now neutral.

USD short positioning remains moderate at -18 with room to be built up further.

Bearish GBP positions remain large at -35 while JPY long positioning remains close to its highest level since 2008.

Absolute G10 FX positions have been cut back considerably, approaching the low seen at the end of 2015.”


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