- Futures markets are long a net $14.3 bln, down 19% from the prior Tuesday
Looks like last Wednesday’s short-squeeze in EUR/USD after the rate on the Fed dollar-swap facility was lowered shook out some of the shorts in EUR/USD.
Mr. Market is mega-short Swiss francs, anticipating a move in the SNB peg next week. The position is 19% shorter than a week ago at $1.5 bln.
