Weekly positioning data in the Commitments of Traders report showed general dollar-selling.
- EUR short 102K vs 124K
- JPY long 22K vs 11K
- CAD long 61K vs 51K
- GBP long 2K vs 8K
- AUD long 78K vs 87K
I warned last week that AUD positioning had swung too far toward longs and that argued for AUD shorts. The Canadian dollar is edging toward similar territory but not there yet.
There isn’t a great takeaway from this report, although it’s interesting to see the EUR short position at the lowest since April.
