Hedge Funds and other large investors seem to have gone all in as the dollar was net-sold against all eight IMM currency futures during the week ending January 15 according to the weekly data provided by the US CFTC. Especially the EUR attracted renewed buying interest with the net-long position rising to the highest level since July 2011. The JPY was bought for a fifth week in a row as some investors seem to be viewing USD 90 as a potential near-term top in the market. The net-selling of dollars resulted in the aggregate short rising to USD 20.9 billion, the highest level since October 2 last year.
Click here to read the full report: FX CFTC_012113
SAXO BANK