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Goldman Sachs Flag Large USD Net Purchases In Weekly CFTC CoT Report

FOREX

In the wake of the release of the latest CFTC CoT report, Goldman Sachs note that "over the week ending June 22 - which included the surprisingly hawkish FOMC meeting - non-commercial traders net purchased $6bn USD. This is the largest amount of weekly net purchases by non-commercial traders since March 2021, and follows nine consecutive weeks of net USD sales. The net purchases appear to have been driven by asset managers, while leveraged funds net sold USD. Traders net sold EUR, GBP, JPY, CAD, and MXN, and also net purchased CHF and RUB."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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