One of the largest banks, JP Morgan, take short positions on the dollar against the euro and the yen, but the reason is not only in the US currency.
Sally Auld, who is FX strategist at bank expects less easing from the ECB and BoJ meetings next month. This creates prerequisites for concerns and risks that central banks are starting to exhaust their abilities and prove that the measures taken were unconventional.
Auld also does not expect FED to tighten monetary policy before December, which leaves not many potential catalysts to support the greenback.
In addition strategist at JP Morgan notes that it recommends new short positions before the statement of Janet Yellen on Friday.
One possible scenario that rather recommended long positions on USD / CHF.
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