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CFTC: Speculators Continue to Favour AUD, NZD Positioning

CFTC
  • The run higher in the NZD net position persists, with speculators adding a net 6.3k contracts in the week ending June 25th, putting the NZD long at 44% of open interest and the largest position of the past twelve months. A similar net short cover in AUD puts the NZD, AUD 12m Z-scores at the highest among all currencies surveyed, at +2.96 and +2.94 respectively.
  • The improvement across AUD, NZD positions was consistent for both asset managers and leveraged funds. Elsewhere, the EUR position remains broadly neutral, but close to a yearly low, while markets deepened the net short CAD position, to total 44% of open interest.
  • Full update here:

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