Hedge Funds were already busy buying dollars ahead of the Thursday spike during the week ending May 7 according to the “Commitment of Traders” report from the US Commodity Futures and Trading Commission. The dollar gross long position against eight IMM currency futures tracked in this report rose by 15 percent to USD 18.7 billion with all currencies apart from CAD and CHF seeing net-selling, especially AUD and JPY.
Click here to read the full report: FX CFTC_051313
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