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Weekly COT report: Fastest pace of AUD short covering since March 2020
The Australian dollar and euro futures contracts saw the largest weekly repositioning, with AUD net-short exposure falling by -33.3k contracts and EUR net-longs falling by -40.1 contracts. • Net-long exposure to the US dollar index fell to its least bullish level in 24-weeks. • Interestingly, net-long exposure to euro futures also fell, to their least bullish level in 9-weeks. • Net-short exposure to CHF futures fell to their least bearish level since September. • Traders remained net-long Russian rubles by 7.5k contracts (down from 19.5k end of February) but open interest is its lowest since December 2020. ... (full story)