Quarterly Outlook
Q3 Investor Outlook: Beyond American shores – why diversification is your strongest ally
Jacob Falkencrone
Global Head of Investment Strategy
Head of Commodity Strategy
Summary: Speculators cut bullish dollar bets against ten IMM currency futures by $2.1bn to a near three-month low at $29.2bn. Buying was concentrated in CHF where heightened market uncertainty and volatility led the a near one-third reduction in the net-short.