Long USD Positions At Record High

Net positioning against high beta currencies such as AUD, NZD and MXN has been scaled back significantly lately. The exception is CAD where positioning remains significantly long. Last week’s biggest change in positioning was recorded in net long NZD positions which fell from 34.6% to 15% of open interest and has now reached neutral levels. Long AUD positions also fell last week and investors are very close to becoming net short AUD for the first time since 2009.


SIX

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