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.
USD ends the year as the only currency with meaningful net long exposure. Non commercial accounts continued to add USD net longs in the week ended 24 December, worth USD1.6bn. USD positioning reached USD30.2bn, near the upper end of the range of the past few years.
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