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🧮 Leveraged Funds Most Bearish On USD Since July 2021: Cable FX Macro

**As seen in IMM Positioning report 08/25/23, subscribe at

  • CFTC data showed fast money players building on their bearish dollar position, the largest increases were seen in CAD and CHF future contracts

  • Leveraged funds increased their net shorts on the dollar for the third consecutive week, they now hold a -1.7% of open interest in the greenback, this is the most bearish since July 2021

  • The most bullish positioning is seen in NZD and GBP futures, the percentage of open interest in these positions is above their 5-year standard deviation bands or at stretched long levels



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