Brazil proposes new fiscal package, Korea upgraded by S&P – BBH
Sep 21, 2015
CFTC data: USD longs reduced – ANZ
Irene Cheung, Research Analyst at ANZ Research, suggests that the latest CFTC positioning data (for the week ended 15 September) showed a fall in leveraged accounts’ long USD positions in both aggregated positioning against individual G7 currencies as well as direct positioning on the DXY index. It appears that leveraged funds trimmed their bets in favour of the USD ahead of the US FOMC meeting, which was widely seen as a close call.
Fed’s delay is an opportunity for the ECB to do more – BNP Paribas
Research Team at BNP Paribas, note that the US Fed is ready to wait before deciding for the first hike, but the question is how long and the more expectations of a Fed hike are postponed the greater is the pressure on the ECB to increase QE.