🧮Hedge Funds Increase Dollar Net Long Position: Cable FX Macro
- Rosbel Durán
- Sep 23
- 1 min read
Key highlights from our leveraged funds positioning monitor:
Euro FX (EUR/USD): Leveraged funds cut their net long position by 6,375 contracts to 26,237, driven by increased shorting (+10,452 contracts).
Japanese Yen (USD/JPY): Significant unwinding of net shorts, with the net short position deepening by 9,128 contracts to -50,790 (i.e., more bearish on JPY).
British Pound (GBP/USD): Net longs increased sharply by 4,658 contracts to 21,613, supported by reduced shorts.
Australian Dollar (AUD/USD): Modest improvement in net short to -3,081 contracts (+1,673 change), with balanced long/short adjustments.
Canadian Dollar (CAD/USD): Net short position widened slightly by 897 contracts to -48,244.
Swiss Franc (CHF/USD): Net short deepened by 1,901 contracts to -2,409
The largest decline in % of OI was seen in the New Zealand dollar (NZD/USD), leveraged funds built in the net short position by 3.56K contracts on the week.
Our calculation of the broad dollar position is showing hedge funds increasing the net long USD. Traders stand short all currencies except the GBP and EUR.
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