The biggest move this week was seen in GBP positioning with % of open interest jumping double digits to 2.4%, ahead of BoE's monetary policy meeting.
Next, we have the Swiss franc falling to net short for the first time since May at -13.2% of OI (this week's move in spot was in line with positioning).
We would like to highlight the AUD net short positioning building further and extending into stretched short. This is measured by 5-year historical positioning. % of OI in AUD non-commercial positioning fell to -48%, this is 1.6 standard deviations away from its 5-year average of -7% and prints the lowest point in the 5-year record.
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