• USD G10 net spec long +$0.89bn in the June 1-7 reporting period; $IDX -0.1%

• EUR$ -0.08% in period; specs -17.3k contracts now -16.2k; low growth EZ stirs selling

• $JPY -0.3%; specs +31.3k contracts now -123.8k; intervention woes weigh, pair still abv 160

• GBP$ +0.72%; specs +14.2k contracts now -88k; stable politics, steady BoE view lifts GBP

• $CAD +0.03%; specs -22.3k contracts now -173.1k; pair capped abv 1.42, lower in new period

• AUD$ +0.2%; specs -7k contracts now -24.7k; RBA less hawkish relative to Fed in 2026

• For now, most c.banks await data to see how recent oil volatility affects inflation/growth

• U.S. CPI on July in focus; Fed policy view more dovish post-payrolls last week

Majors w/IMM performance Chart:


IMM Position Table:


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