USD: Speculative longs steady as Fed hikes – Rabobank

Rabobank’s RaboResearch Global Economics & Markets FX Strategy team notes that USD net long speculative positions were broadly unchanged, with both longs and shorts rising modestly. The Federal Reserve raised its overnight policy rate by 25bp on September 16, matching expectations. The OIS curve indicates investors still anticipate more than three Fed hikes by the end of next year.

Fed path keeps Dollar supported

"USD net longs are largely unchanged as both long and short positions increased by 2,000 positions, respectively."

"The Fed released its decision to hike the overnight policy rate by 25bp at the September 16 meeting, in line with market expectations."

"The OIS curve suggest investors are still positioned for more than three hikes by the end of next year."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)