• USD net spec G10 long +$4.11bn to +$45.4bn in the Jul 15-21 IMM period; $IDX +0.3%

• Note- recent geopol climate hot, has lifted oil considerably boosting USD haven appeal

• EUR$ -0.21% in period; specs -28.7k contracts now -41.3k; ECB at 70% odds for Sept hike

• $JPY +0.57%; specs -29.5k contracts now -152.1k; USD firm awaiting BoJ hikes, intervention

• GBP$ -0.09%; specs +15.7k contracts now -55.6k; New UK PM stirs fleeting short unwind

• $CAD +0.35%; specs +1.8k contracts now -174.4k; soft CA inflation, hawkish Fed vibe lifts USD

• AUD$ +0.34%; specs -7k contracts now -37.7k; bottom-fishing likely ran into oil rise in current period

Majors w/IMM Performance Chart:


IMM Position Table as of 7-24:


(Paul.Spirgel is a Reuters market analyst. The views expressed are his own)