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Traders ditched commodity FX, metals for Yen, Franc: COT report
Net-long exposure to EUR/USD futures increased for a third month to a 6-week high among large speculators. • Net-long exposure to GBP/USD futures rose to a record high for a second week running. • They also reduced net-short exposure to Japanese yen futures for a third week, effectively halving their short exposure over the past four weeks. • Net-short exposure to Swiss franc futures fell from a 17-year high, at the fastest weekly pace in 31. • Large speculators reached another record level of net-long exposure for a second week. • Traders had a more bearish view on commodity currencies AUD/USD, NZD/USD and ... (full story)