This report analyses the performance of non-commercial positioning in FX futures on the Chicago Mercantile Exchange, valuing market sentiment in search of any extreme levels that could represent a risk of significant changes in the spot market.
While the USD remained the preferred currency, there was a reduction in net longs in the week ended 4 February. USD positioning fell USD3.1bn to USD31.2bn, coming down off of the recent multi-year highs of around USD35.2bn.
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