By Paul Spirgel — Sep 20 - 04:11 PM
Repeat with no changes
USD net spec G10 short dipped $5bn in the Sep 11-17 period; $IDX -0.64%
EUR$ +0.82% in period; specs -11,787 contract now +69,6k after ECB -25bp cut
EUR, and other major CCY, rose versus USD as Fed 50bp cut odds grew
$JPY +0.02%; specs +1,070 contracts now +56.8k, pair rose off sub-140 low
GBP$ +0.62% in period; specs -27,309 contracts now +63k
BoE less-dovish than Fed particularly after rate decisions has moved higher
$CAD -0.08%; specs -4,197 contracts now -73,150
Symmetric BoC, Fed rate paths keep CAD steady even w/Fed 50bp rate cut
AUD$ +1.56%; specs -26,080 contracts into strength, now -40,122
Sellers into strength may be a nod to other central banks following the Fed
Source:
Refinitiv IFR Research/Market Commentary