26 September 2016 at 6:01 GMT
- Hedge funds increase bullish IMM dollar bets
- USD especially bought against commodity currencies CAD, AUD and NZD
- JPY positions, long and short, reduced ahead of BoJ meeting on Sep 21
- Net-short position in Mexican peso hit record amid worries about a Trump victory
- AUD sold most since August 2011 on fresh selling and long liquidation
By Ole Hansen
Hedge funds increased bullish IMM dollar bets by 14% in the week to September 20. Against the eight IMM currency futures tracked in this the greenback was especially bought against the commodity currencies of CAD
The net-short position in the Mexican peso hit a new record amid worries about a Trump victory. Photo: iStock
Funds have maintained an almost unchanged net-short exposure to the euro during the past month while IMM JPY
positions, both long and short, were reduced ahead of the BoJ meeting on September 21.
The net-short position in the Mexican peso
hit a new record as worries about a Trump victory take hold.
Wrongly timed fresh buying of sterling saw the net-short being cut by 29%.
AUD sold the most since August 2011 on a combination of fresh selling and long liquidation. This triggered an 81% reduction of the net long to the lowest in 11 weeks. NZD sellers took the net short to a seven-month high.
Create your own charts with SaxoTrader; click here to learn more
– Edited by Susan McDonald
Ole Hansen is head of commodity strategy at Saxo Bank