- Overall speculative positions were reduced significantly in the week from 6 May to 13 May, as net short USD positions fell by USD 3.3bn to USD 5.7bn the lowest level since June last year.
- As a result of the past weeks movements in positions, the AUD, JPY, MXN and CAD are now the only currencies with significant net long positions against the USD.
- Net long JPY positions posted a large fall and were reduced by USD 1.8bn to USD 4bn, while net short CHF positions rose by USD 1.6bn to USD 2.1bn.
- Net short EUR positions were reduced slightly.
- In the dollar-block, net long AUD positions were reduced by USD 0.8bn to USD 5.4bn, while net long positions in CAD and NZD were broadly unchanged.
- Meanwhile in the bond market, net long positions in 2-year notes were reduced slightly, while net short positions in 10-year notes were more than halved.
