The weekly look at money managers exposure in the eight IMM currency futures reveals some major changes during the week ending December 4. The euro short position were halved to September 2011 levels just ahead of renewed EURUSD weakness which began on December 5.
– The aggregate dollar position swung back to negative as all currencies were bought apart from CAD and JPY.
– EUR short reduced to levels last seen in September 2011
– JPY selling continues with the net-short reaching a five-year high
– AUD long reaching a new record as investors jumps on the China recovery story
Click here to read the full report: FX CFTC_121012
SAXO BANK