Hedge funds nearly doubled their bets on the US Dollar in the week ending July 2, according to the most recent data from the US Commoditiy Futures Trading Commission. The net dollar position rose by USD 9.5 billion to 22.4 billion driven by a reduction of 5.4 billion in EURUSD. AUD, GBP, and JPY also saw reductions vis-a-vis the USD of approximately one billion each, and for the AUD this is a one-year low (at -70,515). MXN and NZD also set one-year lows in the week ending July 2.
Saxo Bank