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🧮 Leveraged Funds Hold to Net USD Long: Cable FX Macro

**As seen in IMM Report 11/03/23, subscribe at cablefxm.co.uk/reports


  • Leveraged funds held to its net USD long last week, according to CFTC data. The survey captures positioning before the employment report, so the upcoming week will see if there were any adjustments following the data release

  • Our calculation of broad dollar positioning saw a marginal increase in % of open interest to reach the highest since October 2022 at 6.1%, this leaves the metric above its 5-year average of 5.3%

  • The euro saw an increase in net short positioning while the yen, loonie, and Aussie trimmed bearish bets. The franc, sterling, and kiwi remain net long vs the dollar


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