🧮Dollar Net Short Position Built: Cable FX Macro
- Rosbel Durán
- Apr 30
- 1 min read
**As seen in Online Tools > IMM, get access now! cablefxm.co.uk
Leveraged funds built on their net short dollar position last week, according to data compiled by the CFTC. Our calculation of the broad dollar position showed an increase of contracts held to -11,915, around 10K addition to bearish bets against the dollar.
Our calculations show the broad dollar position at the most bearish % of open interest since October just before the U.S. elections, last at -0.7%.
The yen and sterling are the largest build ups against the dollar, however, kiwi and franc shorts were trimmed significantly on the week.
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