Flash Traders nervous following Fed decision - Scotiabank

FXstreet.com (Barcelona) - Camilla Sutton, Chief Currency Strategist at Scotiabank notes that leading into the Fed decision, traders were nervous.

She sees that exposures shifted aggressively from EM and carry trades into the most liquid European currencies of EUR, GBP and CHF. Further, traders reduced exposure to CAD while making limited changes to AUD and NZD exposure. She writes, “Ultimately the net long USD position was nearly halved w/w.”