- - Overall speculative positions were reduced significantly in the week from 27 May to 3 June, as net short USD positions were cut by USD 4.3bn to USD 5.7bn.
- - Net short EUR positions were built further and rose by USD 2.1bn to USD 2.8bn, thus implying a significant reduction in net long EUR/USD positions however, this data was compiled prior to Trichets speech which sent EUR/USD higher.
- - Net long JPY positions were reduced by USD 1.2bn to USD 2.8bn, the lowest level since early January.
- - Net short CHF positions were reduced slightly. Net short GBP positions were extended.
- - In the dollar-block, there were only small changes in speculative positions. Net long CAD and AUD positions were reduced, while net long NZD were close to unchanged.
- - In the commodity market, net long oil positions remain at a low level, despite the record high oil price. There is thus no sign of a speculative driven bubble in this data.
- - Meanwhile in the bond market, speculative investors went further net short in 2-year notes, while net long 10-year note positions rose slightly.
