Bullish exposure on USD fell to a 4-month low of $22.6 billion, down from $31.05 billion the prior week. Still, traders increased long-exposure on DXY (USD proxy) ahead of the Fed meeting. Gross shorts on AUD futures hit their highest level since November 2015. EUR: Bears have closed 35.8k short contracts these past 4 weeks yet bulls have only added 13.3k longs. Whilst this has allowed net-short exposure to be reduced to its least bearish level since February, its apparent bulls still seem a little hesitant to wade in and fully turn this tide. Still following such a level of net-short exposure, it still leaves upside ... (full story)