Hedge Funds and other speculative traders continued their accumulation of dollars during the week ending March 5. All of the eight IMM currency futures tracked in this report were sold, especially EUR, CAD and AUD but also the JPY saw renewed selling amid continued weakness. The sixth week in a row with net dollar buying has seen the position rise to its highest level since July 2012.
After the US dollar the Mexican peso remains the second most popular currency followed by NZD which has now overtaken AUD. The CAD net-short has reached the highest level in six years amid continued flow of weaker economic data.
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