🧮 Leveraged Funds Most Bearish On USD Since July 2021: Cable FX Macro
- Rosbel Durán
- Aug 28, 2023
- 1 min read
**As seen in IMM Positioning report 08/25/23, subscribe at cablefxm.co.uk/reports
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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