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AUD Positioning Fades as Spot Slide Continues

CFTC
  • Friday's CFTC CoT update showed markets built the GBP, JPY and CHF net positions, while trimming AUD, CAD, NZD and EUR.
  • The AUD saw the most notable shift in positioning, with markets trimming a net 15,583 contracts, or 8.6% of open interest. With the filing date of Jan 16th, the shift coincides with the 2% sell-off in AUD/USD across the week prior, and reverses a large part of the build in the net position off the alltime largest net short posted in September last year.
  • GBP saw the net long position improve to 17.2% of open interest, the highest level since September last year. Nonetheless, the net long remains around half the size of the July position totalling a net ~60k contracts.
  • Full details here:

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