Hedge Funds Long USD Positions Highest For 2013, 3-4 Standard Deviations Above NormalVW Staff
Investors are once again showering all their love on the US dollar as most other currencies and cheap/risky assets get battered. USD f lows rose high in the past week, markets saw investors showing favor for only a couple of currencies against the dollar while selling or shorting all others. Hedge funds' long positions in USD have reached their highest YTD levels.
BAML's latest report on currency flows calls the scenario a "tsunami of USD flows". According to data from BAML's proprietary . . .
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