🧮IMM Positioning: CAD Nears Extended Long, NZD & CHF Pare Shorts

**As seen in IMM Poisitioning report 06/18/2022, subscribe at cablefxm.co.uk/reports

• This week's CFTC COT showed larger movements than in previous surveys as we headed into key decisions from major central banks

• NZD, CHF pared net shorts with % of open interest rising by double digits, both metrics end up closer to their 5-year average this week

• GBP is the only reporting currency to show an extended net short, with % of OI at -28%. CAD nears its upper one-standard deviation band as % of OI jumped by 14 percentage points to 13%