Hedge Funds seeking currency exposure through the use of IMM currency futures were buyers of dollars again for a fourth week during the one ending May 21, according to the latest data from the US Commodity Futures Trading Commission. All currencies apart from CAD were sold, especially the euro while the net-short in GBP reached a new record high. The combined dollar position against the eight currencies rose by 38 percent to US 34 billion, the highest since last June.
Click here to read the full report: FX CFTC_052713
SAXO BANK