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US dollar, USD/CAD, WTI crude oil analysis: Commitment of traders report (COT)
The USD is on the cusp of flipping to net-long exposure among G10 currencies according to data compiled by IMM (International Monetary Market). And despite the resurgence of US dollar strength, oil continues to perform well and market positioning is looking increasingly bullish for the weeks or even months ahead. Positioning on the British pound continued to slide on renewed bets that the Bank of England (BOE) are at or near the end of their tightening cycle. EUR/USD bulls continued to scale back their bets and dragged net-long exposure down to a 46-week low. We also saw a large increase on short bets against the ... (full story)