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According to CFTC Commitment of Traders Report, USD net longs edged higher for a sixth consecutive week, holding at their highest levels since April 2017, notes the research team at Rabobank.

Key Quotes

“Net EUR short positions climbed again last week.”

“Net short GBP positions dropped back for a third consecutive week.”

“JPY net positions have been back in positive ground for nine straight weeks on safe haven demand, but they are well off their recent highs.”

“Latest data show CHF net shorts climbing for a third week.”

“CAD net long positions recovered a little ground last week.”

“AUD net shorts increased for a second week.”