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EUR Net Long Edges Off 52w Low, MXN, NZD Trimmed

  • Friday's CFTC update showed markets marginally built the EUR net long, which recovered off a 52w low of 11.0% of open interest last week. Markets added a net of ~7k contracts, however the 52w Z-score for the EUR position remains the most negative among all currencies surveyed.
  • The NZD net short built to 11% of open interest, the biggest one-week change alongside MXN. Nonetheless, the net position remains close to the midpoint of the 52w range. Similarly, MXN net long slipped to 22.5% of OI. Nonetheless, MXN maintains the only positive Z-score among the group.

Full update here:

MNI London Bureau | +44 203-865-3809 |
MNI London Bureau | +44 203-865-3809 |

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