Credit Agricole CIB Research summarizes the latest reading of its positioning model.

"The AUD remains the biggest long in the G10 FX at present and saw some buying interest last week, predominantly driven by IMM flows. Our FX flow data points at banks and hedge funds inflows as well as corporates and real money investors outflows," CACIB notes.

"The NZD cemented its status as the biggest short in the G10 FX space and experienced fresh selling interest last week, predominantly driven by IMM flows. Our FX flow data points at real money investors inflows as well as banks, corporates and hedge funds outflows," CACIB adds.