CFTC Positioning Report: EUR net longs rose to multi-week hi

CFTC Positioning Report: EUR net longs rose to multi-week highs


5/3/2021 8:37:05 AM GMT
|
By Pablo Piovano
These are the main highlights of the
CFTC Positioning Report for the week ended on April 27
th:
Speculators added gross longs to their
EUR positions for the second week in a row, taking net longs to the highest level since late March. The bid bias in the single currency was favoured by the investors’ shift to the progress of the economic rebound in Europe on the back of the faster pace of the vaccine rollout and positive results in the domestic docket.
By contrast, speculative net longs in the
dollar receded to YTD lows following declining US yields and the generalized upbeat note in the risk complex. The downtrend in the greenback was also sustained by the expected dovish message at the FOMC event (April 28) just after the cut-off date.

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