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FX CFTC report – TDS


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FXStreet (Guatemala) – Analysts at TD Securities offered the FX CFTC Commitments of Traders Report – for week ending Tuesday, February 24th.

“CFTC data for the week through February 24th showed a further reduction in overall USD-bullish positioning. The aggregate net long USD position against the major currencies fell for a third week in succession to total USD42.8bn in the latest week, the lowest bull bet on the USD since December.”


“Once again, a sizable reduction in net EUR short positions accounted for most of the decline in the long USD bet. Net EUR shorts eased to –177.7k contracts this week, down from –185.5k contracts in the prior week—equating to a USD1.2bn overall reduction in the net short EUR position. Net short GBP positions saw a reduction of 7k contracts this week, to –21.8k contracts to account for another USD0.5bn reduction in the USD bull bet.”


“Elsewhere, in similar vein to last week, positioning changes were not that significant. Net short JPY positions dropped modestly to –47.5k contracts this week (-49.1k last week. Net short CHF positions were little changed at –5k this week (-6k last).”


“Despite focus on RBA policy prospects last week, speculative accounts boosted net short AUD positions quite aggressively, however, extending the steady increase in positioning here evident since mid-December. Net AUD shorts stood at –63.1k contracts as of Tuesday, the biggest bet against the AUD since early 2014.”


“Net short NZD positions were reduced but remain very modest (-4.3k) while investors took advantage of the recent stabilization in the CAD bear trend to boost, very slightly, net shorts to –36.4k (from –32.8k last week.). Net MXN shorts were raised slightly to –48.3k, within recent ranges.”