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AUD Position Deteriorates to New 12m Low

CFTC
  • The AUD position deteriorated further in the most recent week of CFTC data, with the net position slipping lower by over 8k contracts. This puts the short position at 28.7% of open interest, the lowest level of the past 12 months.
  • Other notable changes include an improvement in the GBP net position of over 7k contracts, switching the net position from neutral to small long. Similarly, the CHF position improved by just over 2k contracts or 3.7% of open interest - which may reflect the EUR/CHF downtick seen across the second half of July.


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