Trading Floor – Hedge funds increased their aggregate long dollar position against eight IMM currencies by 16 percent during the week of September 23. After just one week break selling resumed across all eight currencies apart from GBP which was bid in the aftermath of the Scottish referendum. The biggest changes were seen in AUD and JPY where longs were being cut and shorts were added.
The gross dollar position has reached USD 35.2 billion, a level only surpassed twice before during the past five years. In early May 2013 and in May 2012 when it peaked at USD 41 billion.
