🧮 Leveraged Funds Extend CHF Stretched Net Short: Cable FX Macro
- Rosbel Durán
- Jan 30, 2023
- 1 min read
**As seen in IMM Positioning report 01/27/23, subscribe at cablefxm.co.uk/reports
CFTC data showed leveraged funds adding to the broad dollar net long position, the largest moves were seen in the kiwi, Swiss franc and the yen
% of open in interest in NZD futures held by leveraged funds declined to -8.6% shifting from a net long position seen just a couple of weeks ago
Leveraged funds extended the Swiss franc net short, and the % of open interest in the currency is now at -20.5%, the lowest since late November. Also, this is breaching the lower 1-standard deviation band calculated by 5-years of historic data
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