🧮IMM: CHF Positioning Comes Down From Extended Levels
- Rosbel Durán
- Aug 22, 2021
- 1 min read
IMM Non-Commercial Positioning
Percentage in open interest saw a decrease in USD dollar, measured as DXY. Last week, % of OI went down to 41.2% from 42.8%. Interest in the dollar increased for five straight weeks and peaked at 43.8% after having been at -6.5% back in June
EUR % of OI increased to 8.3% from 4.8%, JPY futures interest extended to -32.2% from -29.4%.
More notably, CHF interest is reduced to 12.6% from 21.4%, however, this continues to be extended as it stands 1 standard deviation above its average. USD/CHF and EUR/CHF should have limited downside and are worth tracking
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