FXStreet (Delhi) – Jane Foley, FX Strategist at Rabobank, suggests that according to the IMM Net Speculators’ Positioning data as at 08 December 2015, the USD longs continued to push higher on anticipation of a tightening in policy from the Fed on December 16. Key Quotes • “After the disappointing amount of stimulus offered at the December ECB policy meeting, the level of EUR shorts reduced moderately last week. • Net sterling shorts positions lost a little more ground. However, a dovish take-away from the December BoE policy meeting should keep GBP on the defensive. • JPY shorts have lost ground for a third consecutive week. The upward revision to Q3 GDP gave some credence to the BoJ’s lack of enthusiasm for stepping up the size of its QQE programme. • CHF shorts edged higher ahead of the SNB policy meeting. The subsequent steady policy announcement may bring a modest reduction. • Net AUD shorts have dropped for the third consecutive week, though concerns over the outlook for the CNY could bring back the bears. CAD shorts ticked higher again, the outlook for crude oil prices remains key.” For more information, read our latest forex news.