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FOREX: Short AUD Positions Built Ahead of Last Week's FOMC

FOREX
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CFTC positioning data generally saw shifts towards the USD in the lead up to last week's Fed announcement. The table below outlines the weekly change and outright positions across leveraged investors and asset managers. This data is the for the week ending the 17th of September (so last Tuesday). 

  • By currency, in the leveraged space, we saw extension of shorts against the USD, for JPY and AUD, while GBP longs were cut back noticeably. CAD shorts were added to as well.
  • For asset managers the modest yen long was added to, but EUR and GBP longs were cut. GBP/USD's position for asset managers is almost back to flat. AUD/USD shorts were added to in a decent size as well. 

Table 1: CFTC FX Positioning Data As At End Sep 17 2024 

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CFTC positioning data generally saw shifts towards the USD in the lead up to last week's Fed announcement. The table below outlines the weekly change and outright positions across leveraged investors and asset managers. This data is the for the week ending the 17th of September (so last Tuesday). 

  • By currency, in the leveraged space, we saw extension of shorts against the USD, for JPY and AUD, while GBP longs were cut back noticeably. CAD shorts were added to as well.
  • For asset managers the modest yen long was added to, but EUR and GBP longs were cut. GBP/USD's position for asset managers is almost back to flat. AUD/USD shorts were added to in a decent size as well. 

Table 1: CFTC FX Positioning Data As At End Sep 17 2024 

Keep reading...Show less