Money managers were net-sellers of dollars during the week ending April 9 according to the latest weekly data from the CFTC. The reduction was primarily triggered by strong buying of EUR with the net-short seeing a one-quarter reduction in response to the 2.2 percent rise of EURUSD that week. A couple of new records were also seen as the CAD net-short and NZD net-long both reached new highs. The change in JPY positioning was surprisingly subdued actually rising a bit during a week where the currency was sold off by six percent against the dollar.
Click here to read the full report: FX CFTC_041513
SAXO BANK