Morgan Stanley Fixed-Global Macro Strategy Global FX Positioning Positioning Ed...-108642592

MJune10,202407:48AMGMTMorganStanley&Co.LLCUpdateGlobalMacroStrategyGlobalZoeKStrauss+1212761-0407+1212761-5287GlobalFXPositioning:Strategist+44207425-3518PositioningEdgesLongUSDZoe.Strauss@morganstanley.com+44207425-6841+44207425-9781IntheweekendingFriday,June7,optionspricingdataindicatethatinvestorsaddedAndrewMWatrouslongUSD(DXY)andSEK(versusEUR),andincreasedshortAUDandNOK(versusEUR)positions.Inthefuturesmarket,USDshortswereaddedagainstNZDandGBP,StrategistwhileinvestorsincreasedshortUSD(DXY)andCADpositionsintheweekendingAndrew.Watrous@morganstanley.comTuesday,June4.Overall,optionsdatasuggestthattacticalinvestorsarelongSEK(versusEUR)andUSD(DXY),whilebeingmostshortJPY.PositioninginthefuturesMorganStanley&Co.Internationalplc+marketremainslongEURandisshortAUDandJPY.DavidS.Adams,CFAExhibit1:StrategistDavid.S.Adams@morganstanley.comWantingLowStrategistWanting.Low@morganstanley.comDominicJKrummenacherStrategistDominic.Krummenacher@morganstanley.comSource:DTCC,Bloomberg,MorganStanleyResearch;Note:Usingoptionsthatweretradedinthepastthreemonthsandexpireinthecomingonemonth.Notionalsaredelta-adjusted.DataasofFriday,June7.Formethodology,seeAssessingFXPositioningwithCurrencyOptions.Exhibit2:Source:DTCC,Bloomberg,MorganStanleyResearch;Note:UsingoptionsthatweretradedinthepastthreemonthsandexpireintheMorganStanleydoesandseek...