CFTC Positioning Report: USD net longs at 2-month lows : vim

CFTC Positioning Report: USD net longs at 2-month lows


4/26/2021 5:09:45 AM GMT
|
By Pablo Piovano
These are the main highlights of the
CFTC Positioning Report for the week ended on April 20
th:
Speculators scaled back their gross longs in the
dollar for the third week in a row and dragged net longs to the lowest level since mid-February. The persistent decline in US yields forced the US Dollar Index (DXY) to shed further ground in combination with investors’ shift to the economic recovery outside the US.
 In contrast, net longs in
EUR reversed the recent downtrend and rose to 4-week highs. Increasing optimism around the economic recovery in the region remains sustained by the firmer pace of the vaccination campaign and the generalized pick-up in inflows into the risk complex.

Related Keywords

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