Repeat with no changes

• USD net spec G10 long -5.92bn in Jul 31-Aug 6 IMM period; $IDX -1.07%

• Post-payroll heightened recession fears weighed on USD, intense risk-off

• Fed rate cut outlook, longer yields moved dramatically lower weighed on USD

• EUR$ +1.06% in period, specs +15,781 contracts now +33,580 on haven buying

• $JPY -5.52%, specs +62,106 contracts now -11,354; short down from -184k Jul2

• Interventions, rate hike, weak US payroll data takes short to near flat

• GBP$ -1.09%, specs -37,072 now +74,399; record short pared on risk-off move

• $CAD -0.45%. specs +14,631 now -181,632; lower US yields lift CAD for now

• Short still near record levels, pace/depth of Fed cuts into YE 2024 in focus

• AUD$ -0.33% specs -8,829 contracts now -40199; Hawkish RBA may pare short

• Note: risk rebounded after less-dour US data; proceed cautiously

• Upcoming U.S. CPI on Aug 14 in focus; J-hole Aug 22-24 on the horizon