COT: Funds bought dollars ahead of FOMC — #SaxoStrats
Bullish dollar bets rose ahead of last week's Federal Open Market Committee meeting. Leverage funds trading IMM currency futures sold commodity currencies, Japanese yen and sterling while reducing EUR net-shorts in response to a temporary fade in French election worries.
— Edited by Martin O'Rourke
Ole Hansen is Saxo Bank's head of commodities strategy