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Weekly COT Report: Traders are their most bullish on USD in 2.5 years
According to data compiled by IMM (International Money Markets) traders are their most bullish on the US dollar since June 2019. The chart below shows exposure to G10 currencies and emerging market currencies in a ‘stacked’ chart, which when combined represents the total exposure. Its last peak was around +$34 billion and its record sits around $51 billion so do not yet appear to be at a sentiment extreme. chart Traders increased their gross-short exposure on GBP futures to 91k contracts, which is the highest levels since October 2019. As gross longs remained effectively flat it has pushed net-short exposure to ... (full story)