CFTC Positioning Report: EUR net longs in nearly 2-year highs
|These are the main highlights of the latest CFTC Positioning Report for the week ended on March 24th:
- Speculators kept the positive view on EUR for the second week in a row, taking net longs to the highest level since mid-June 2018. The sell-off in the greenback plus the positive current account position in the euro region kept supporting the sentiment in the shared currency.
- GBP net longs were reduced to the lowest level since late December 2019. Further BoE stimulus, uncertainty around Brexit going forward and fragile position of UK current account appear to have been weighing on the outlook for the quid in the past seven days.
- Net shorts in CAD climbed to the highest level since June 18th 2019. The sharp sell-off in crude oil prices in combination with looser monetary conditions announced by the BoC sustained the negative momentum in the positioning space.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.