CFTC Report: Investors dragged EUR net shorts to multi-week lows
|According to the latest CFTC positioning report for the week ended on May 14:
- Speculators trimmed their EUR shorts and pushed the net positions to the lowest level since March 26, as optimism around the potential US-China trade deal were sustaining a better mood in the risk-associated space ahead of the cut-off date.
- Net shorts in the Aussie Dollar extended the uptrend and rose to the highest level since early November 2018 following the rising likelihood of rate cuts by the RBA in the next months in combination with concerns on the trade front.
- Crude oil net longs slipped back to 6-week lows in response to speculations that Russia and Saudi Arabia could step in and help closing the probable supply gap resulting from US sanctions against Iranian oil exports.
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