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Weekly COT Report: Traders Ditch USD For A Fourth Consecutive Week
As of Tuesday 25th June: • Traders reduced net-long exposure to USD for a 4th consecutive week, shedding -$1.1 billion of long positions to $19.6k billion (23.3k billion against G10 currencies) • The Canadian dollar saw the largest weekly change, where net-short exposure was reduced by -23.3k contracts • Bearish exposure on Japanese yen futures is at its least bearish level since June 2018 • Bearish exposure on Canadian dollar futures is at its least bearish level since December 2018. CAD: With net-short exposure being reduced by -23.3k contracts, it’s the largest weekly change this year. However, whilst ... (full story)