forexcryptozone — Demand for the U.S. greenback (USD) noticed a big rise, notably in opposition to rising market currencies (EMFX), as buyers ended 2024 lengthy the greenback, based on Financial institution of America America.
The remainder of the G10 currencies, nonetheless, noticed a impartial angle from buyers, whereas rising currencies had been sellers.
USD-EM FX demand was notably sturdy in This fall 2024. Hedge fund positioning was notably tight throughout this era, with actual cash positioning showing lighter.
Throughout G10 currencies, buyers ended 2024 lengthy the USD and Australian Greenback (AUD), whereas the Canadian Greenback (CAD), New Zealand Greenback (NZD), and French Franc Swiss (CHF) had been brief. Demand for {dollars} in opposition to the euro (EUR) and the pound sterling (GBP) was notably excessive within the fourth quarter.
The Norwegian krone (NOK) and CAD had been essentially the most bought currencies in 2024. Hedge funds had been at their most lengthy positions in AUD and USD, and at their most brief positions in CAD.
Actual cash was very lengthy GBP, and lengthy AUD and USD, whereas brief NOK, NZD and EUR. Sentiment in the direction of the US greenback in choices improved considerably within the fourth quarter in opposition to the Euro and the British Pound.
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