This is A 'Decent' Time To Add To Our Long USD Exposure - Nomura
From efxnews.com
In a note to clients today, Nomura makes the case for adding to the long USD exposure within its macro-model portfolio. "We are adding a second tranche of $10m to our long USD basket (long USD vs JPY, EUR, CHF, AUD, NZD, CLP and MYR) within our model portfolio ," Nomura clarifies. "We initiated a broad-based long USD trade in early December, and the trade is up around 0.5% at this point. We think this is a decent time to increase the position from USD10mn to USD20mn," Nomura adds. Nomura's rationale behind this trade revolves mainly on the following 3 reasons: Better final sales in the US: "After ...
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