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The latest CFTC COT report was released on....>

FOREX
FOREX: The latest CFTC COT report was released on Friday, non-commercial net
positioning for EUR, JPY, GBP, AUD, NZD, CAD, CHF & MXN (based on futures vs.
USD) is summarised in the link below, and includes % of open interest metrics.
- Link: https://emedia.marketnews.com/FXCFTC221219.png
- The most notable takeaway from Friday's release was the net reduction in long
exposure to the USD (in line with most bank calls for 2020), with combined USD
longs vs. EUR, JPY, GBP, AUD, NZD, CAD, CHF & MXN falling by a cumulative ~49.6K
contracts, taking combined net USD length vs. the aforementioned currencies down
to ~65.6K.
- As you can see in the table, the biggest outright moves in positioning came in
MXN, NZD & GBP, with NZD experiencing the biggest % swing in terms of open
interest.
- It wasn't all one way though, CAD & AUD net shorts vs. the USD rose by over
9.5K contracts apiece through Tuesday, although that doesn't catch the effects
of the latest Aussie labour market report.
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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