Credit Agricole. CIB Research highlights the latest reading from its positioning model.

"The AUD took over as the G10 FX largest long thanks to some buying interest last week, predominantly driven by Crédit Agricole CIB flows. Our FX flow data points at banks, corporates, hedge funds and real money investors inflows," CACIB notes.

"The NZD remains the largest short in the G10 FX despite some buying interest last week, predominantly driven by IMM flows. Our FX flow data points at banks, hedge funds and real money investors inflows, as well as corporates outflows," CACIB adds.