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Specs increase aggregate long USD to a new record high - TDS

FXStreet (Bali) - The FX Team at TDS, reviews the latest changes in the CFTC Commitments of Traders Report, for the week ending Tuesday, November 18th, noting that non-commercial accounts increased aggregate long USD position to a new record high.

Key Quotes

"The latest Commitments of Traders Report for the week ending November 18th shows speculative and CTA investors ramping up their aggregate long USD position to a new record; overall positioning in the major currencies equates to an implied long USD position of USD 47.6bn, up from USD45.1bn in the prior week."

"Speculative accounts boosted short net short EUR positioning in the latest week, taking the net short total to –168.7k contracts (from –163.8k contracts in the prior week). But relatively larger shifts an favour of the USD were seen in JPY positioning (-92.4k contracts, from –82.5k) and in the GBP (-22.8k contracts, from –12.9k contracts)."

"Most other currencies showed little significant change in positioning in the week, meanwhile. Net CAD shorts were trimmed modestly to –19.5k contracts (from –21.8k); net AUD shorts were more or less unchanged (-37.6k contracts), as were net NZD shorts (-1.2k). Net CHF shorts were static at –22k, as were net MXN shorts (-29k)."

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