🧮 Hedge Funds Increased Bullish Dollar Position: Cable FX Macro
- Rosbel Durán
- May 30, 2023
- 1 min read
**As seen in IMM Positioning report 05/27/23, subscribe at cablefxm.co.uk/reports
The broad dollar cumulative position increased on the week, according to data provided by the CFTC. Hedge funds added bullish bets on the dollar, taking the % of open interest to 4.4%, this is still below the 5-year average of 6.6%
Bearish positioning was increased in CAD and JPY, % of open interest declined the most in Canadian dollar futures. Yen % of open in interest fell by 2.4 percentage points to -23.7%, this is nearing its lower one standard deviation band
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