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New High For CAD And AUD CFTC Positioning Gap

CANADA
  • Latest CFTC non-commercial positioning up to Tuesday saw CAD net longs rise to a fresh year high at +18.2% OI whilst AUD net shorts hit the largest in absolute terms since March at -37% where Australia’s linkages to a slowly China economy continue to weigh heavily.
  • This combination saw the widest gap between CAD and AUD net longs since at least 2000, helping support CAD/AUD, which although off mid-July highs of ~1.14 remains historically elevated at 1.115.

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