12 September 2016 at 8:15 GMT
Hedge funds increased bullish IMM dollar bets by 65% in the week ending September 6. Despite dropping by 1.3% against a basket of currencies it was bought against six out of the eight IMM currency futures tracked in this.
The euro net-short rose to a four-week high primarily due to gross-longs being reduced:
The near 3% rally in GBP only helped trigger renewed selling with the net-short still close to a record.
— Edited by Martin O'RourkeOle Hansen is head of commodities strategy at Saxo Bank