• IMM net spec G10 long -$1.7bn to +$36.9bn in Oct 28-Nov 3 period; USD index -0.5% in period

• Today's data likely mooted given USD bid post-election and ongoing AI/tech volatility

• $IDX had moved lower after Dem takeover of congress, risk unwind lifting USD on haven bid

• Today's above-forecast US payrolls tempered recent more-dovish Fed outlook also USD positive

• EUR$ +0.56% in period, specs -13.9k contracts now -157.8k;

hawkish Fed post-NFP weighs

• $JPY +0.47%, specs +730 contracts now +102.3k; USD bid amid parallel Fed-BoJ rate view

• GBP$ +0.84%, specs +19.6k contracts now -59.8k; BoE hike bid faded after elex, risk-off tone

• $CAD -0.28%, specs +24.6k contracts now -41.8k; CAD bid fading amid diverging US-CA rates, job data

IMM Position Table:


Majors w/IMM Performance Chart:

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