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COT Report: Speculators now short the Euro
Looking at this week’s Commitments of Traders Report, changes in speculator positioning across major currencies and commodities are relatively limited. Speculators continue buying the US dollar, with positioning in both the US dollar index contract and our implied measure of US dollar positioning rising this week. In general, commodities are increasingly out of favor while speculators are now net short all major ‘risk on’ currencies. Notably, speculators are now net short the euro, for the first time since May 2017. Looking at extremes in positioning, there are no significant changes this week. Long US dollar ... (full story)