🧮CAD Leveraged Funds Short Bets Rise to Highest Since Oct.: Cable FX Macro
- Rosbel Durán
- Apr 9, 2023
- 1 min read
**As seen in IMM Positioning report 04/07/23, subscribe at cablefxm.co.uk/reports
Leveraged funds' positioning in CAD futures showed the largest drop into the week of April 4th, percentage of open interest fell by 4pp to -16%. The move took speculators positioning in CAD net short to the highest since early October, CAD futures % of OI saw a low of 19% in 2022
While the net short in CAD was built on the week, the last read in % of OI showed positioning just slightly below its 5-year average of -10%
Leveraged funds' positioning in sterling, Swiss franc, Japanese yen, and U.S. dollar read below their respective 5-year averages. JPY and CHF stand the most apart from their means at 12 and 13 percentage points, respectively
Kiwi turned net long heading into the RBNZ, hedge funds' positioning now stands at 3% of OI in NZD futures. Only antipodes and the euro positioning are held net long
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