Forex Flash: AUD back into fashion among specs - NAB

FXstreet.com (Barcelona) - Latest IMM positioning data for the week ended November 13, as reported by NAB, reveals a continuation of the prior week's theme; "USD shorts were further trimmed, EUR shorts were extended and the AUD continues to creep back into fashion among speculative futures traders" the bank's analysts note.

"The overall reduction in speculative USD shorts last week was fully accounted for by an extension of EURUSD shorts and trimming of GBPUSD longs. EURUSD traded down throughout the latest reporting period (from above 1.28 to below 1.27) and IMM operators' looks to have been at least partly responsible" NAB notes.