Flash: COT shows mixed positioning against USD - Scotiabank

FXstreet.com (Barcelona) - Camilla Sutton, Chief Curency Strategist at Scotiabank notes that sentiment appears to be building over the domestic stories rather than a broader USD move driven by talk of tapering.

Key Quotes

“The data highlight last week well with notably mixed positioning against the USD, as CAD, AUD, and JOY are held net short (and close to their year to date extreme position); while EUR, GBP, CHF, MXN and NZD are held net long.”

“The most obvious theme is a preference for the European currencies over the growth currencies.”