Weekly CFTC positioning data in the Commitments of Traders report for the close on Tuesday, May 3, 2016:
– EUR short 23K vs. 40K short prior week
– GBP short 40K vs. 49K short prior week
This is the first look at how the market was leaning into last week’s Fed and BOJ decisions along with this week’s RBA. Specs were on the right side of the euro trade and moved in the right direction on AUD (although were still way offside).
