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 short positioning started to rebuild in the week ended 19 August, while other pairs saw shorts either reduced or longs building, excluding the AUD and CAD. Overall, USD shorts were boosted by USD1.4bn to USD6.7bn.
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