From the FXWW Chatroom: – We favour positioning for USDCHF appreciation over the next 3m.
– USD short positioning is still very extended according to BNP Paribas FX Positioning Analysis.
– In Washington, momentum is building towards progress on tax reform.
– As per the Washington Post, Republicans on the House Ways and Means Committee meet early in the week in preparation for an all-day briefing for the full House GOP caucus and release of a White House/Congressional leadership unified “tax framework” on Wednesday
-Progress on tax reform would see US yields re-price higher and USD shorts get squeezed.
– USD short positioning is still very extended according to BNP Paribas FX Positioning Analysis.
– In Washington, momentum is building towards progress on tax reform.
– As per the Washington Post, Republicans on the House Ways and Means Committee meet early in the week in preparation for an all-day briefing for the full House GOP caucus and release of a White House/Congressional leadership unified “tax framework” on Wednesday
-Progress on tax reform would see US yields re-price higher and USD shorts get squeezed.