Hedge funds reacted to the positive sentiment towards the dollar during the week ending May 14, increasing their gross-long position versus eight IMM currency futures by USD 6.4 billion to USD 24.8bn. This was the biggest weekly round of dollar buying since early March, especially against the AUD and EUR. Only the CAD and MXN managed to see a bit of buying.
Click here to read the full report: FX CFTC_052013
SAXO BANK

