🧮Hedge Funds' Dollar Net Long Position Trimmed Further: Cable FX Macro

**As seen in Online Tools > IMM Positioning, get access now! cablefxm.co.uk

• Dollar net long saw the largest reduction in our currency positioning tracker, according to weekly CFTC data, the percentage of open interest dropped by 2.1 percentage points. At 7.6%, this is the least bullish leveraged money USD position since early November.

• Our calculation of the broad dollar position recorded a drop of 32.98K contracts on the week, most of the move was due to hedge funds short covering in CAD and JPY shorts (read IMM Summary table below)