According to the CFTC’s positioning data for the week ending 19 March 2019, leveraged funds remained net buyers of USD for a second week, ahead of the FOMC meeting, points out the research team at ANZ.
Key Quotes
“Dollar buying was broad-based except against GBP.”
“Both leveraged funds and asset managers were net buyers of GBP even as the 29 March, Brexit deadline nears with a deal yet to be agreed on. Net long GBP positions by asset managers reached the 93rd percentile.”
“Funds were net sellers of commodity currencies, but turned net buyers of EMFX.”
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