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Weekly CFTC Update Sees EUR Net Position Hit New 52w High

FOREX
  • Friday's CFTC positioning update saw MXN, CAD and JPY net position creep higher in the week ending May12, while the NZD, AUD and CHF position retreated.
  • The EUR net long position inched higher (+0.3% of open interest) to 179,422 - a new 52 week high - mirrored in MXN, which also hit a 52w high at 27.4% of open interest.
  • The GBP net position Z-score remains the highest among the currencies surveyed at +1.97, with CAD the weakest at -1.03. GBP's small net long remains within range of the best levels in 12 months: rising to 1.9% of OI last week, vs. The 52w high of 2.5%.

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