Long USD Positions At Record High

 | May 21, 2012 08:05AM ET

  • The latest IMM data covers the week from 8 to 15 May.
  • Long USD positions at record high: The latest IMM data shows that investors added strongly to short EUR/USD positions last week. Bearish bets against the euro rose to 173,869 contracts from 143,984 a week earlier. Investors continue to buy USD against all G10 currencies with the exception of JPY and the overall net long USD position rose to USD 27.8bn – the highest since 1999.
  • Investors Remain Long CAD

    Net positioning against high beta currencies such as AUD, NZD and MXN has been scaled back significantly lately. The exception is CAD where positioning remains significantly long. Last week’s biggest change in positioning was recorded in net long NZD positions which fell from 34.6% to 15% of open interest and has now reached neutral levels. Long AUD positions also fell last week and investors are very close to becoming net short AUD for the first time since 2009.