Westpac on the AUD data showing most bullish since April of 2013

Morning note from Westpac on the Australian dollar

Sean Callow notes (bolding mine):

• Friday's Commitment of Traders report revealed another week of increased AUD bullishness among speculators in futures markets
• Leveraged funds extended net longs from 15.4k contracts to 19.5k
• While asset managers moved from 28.7k to 31k
• The combined total of 50k is the most upbeat AUD stance since a near-identical stance in Sep 2014 and before that, April 2013

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Callow notes on other currencies:

• Leveraged funds trimmed EUR net shorts slightly, to -69k and were about steady on JPY, long 45k. The Brussels attacks look to have driven renewed sterling shorts linked to EU exit risks, from -26k to -48k.