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CFTC Data Sees AUD, NZD Net Shorts Trimmed

FOREX
  • CFTC data out Friday night showed the EUR net long fade off a 52w high, while the JPY net short position retreated by 3.3% of open interest.
  • The most sizeable changes in positioning across the week were in AUD and NZD, both of which saw their net shorts decrease by ~5% of open interest.
  • In EM space, the MXN net long hit a new 52w high of 32.9% of open interest, as net specs rose by 3,308 contracts. This puts the MXN positioning Z-Score among the most positive of all currencies surveyed, alongside CHF and GBP.
  • This leaves markets the most negative on JPY and CAD, with positioning Z-scores the lowest among the currencies surveyed:

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