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According to the CFTC Commitment of Traders Report, USD net longs have been little changed over the past 3 or so weeks, notes the research team at Rabobank.

Key Quotes

“For the third consecutive week net short GBP positions have fallen. This is counter to the trend of the proceeding 12 weeks.”

“JPY net positions have been back in positive ground for four straight weeks and the level continues to climb.”

“Net EUR short positions increased modestly last week, though they remain below the levels achieved in late July.”

“CHF net shorts dropped heavily last week. This appears to reflect increased demand for safe haven assets.”

“CAD net long positions dropped for a third consecutive week as market speculation of a dovish BoC gathered pace.”

“AUD net shorts edged slightly lower but remain elevated on dovish RBA rhetoric.”