🧮Leveraged Funds Turned Short AUD, GBP Last Week: Cable FX Macro
- Rosbel Durán
- May 15, 2023
- 1 min read
**As seen in IMM Positioning report 05/12/23,subscribe at cablefxm.co.uk/reports
The latest weekly CFTC data showed hedge funds turning net short in GBP and AUD futures. The net cumulative position in dollar contracts increased by 1.5 percentage points in % of open interest, last at 4.0%, this is 2 percentage points below its 5-year historic average
Australian dollar futures % of OI dipped by 7.3 percentage points to -3.5% from 3.8%, leveraged funds have not been this bearish in the Aussie since early February
The position in GBP futures now holds a % of open interest of -2.8% and now stands 1.2 percentage points below its 5-year average. Hedge funds have not held this bearish of a position in sterling since January 2022
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