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CFTC CoT – Bets on Falling Euro Soared amidst Fresh Lockdown Measures
As suggested in the CFTC Commitments of Traders report in the week ended October 27, NET SHORT of USD Index futures slipped -412 to 1 254 contracts. Speculative long positions increased +687 contracts and short positions added +275 contracts. Concerning European currencies, NET LENGTH in EUR futures dived -10 388 contracts to 155 555. Second wave of coronavirus outbreak has hit Europe, causing countries, such as Germany and France, to implement new lockdown measures. Meanwhile, ECB indicated that it would add more monetary policy easing measures, likely in December. NET SHORT of GBP futures rose +4 660 contracts to 6 ... (full story)