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USD longs are on their way back – ANZ


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FXStreet (Guatemala) – Analysts at ANZ suggested that looking ahead, a reduction in net long positioning in USD is likely to see a pause given the rebound in the DXY.

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“The stronger than expected rise in US core inflation coupled with FOMC Chair Yellen’s reaffirmation that if the economy evolves as expected, “it will be appropriate at some point this year to take the initial step to raise the federal funds rate” is likely to lead to a reinstitution of USD longs.”