Credit Agricole CIB Research highlights the latest positioning across G10.
"The USD 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, hedge funds and real money investors inflows as well as corporates outflows," CACIB notes.
"The GBP remains the largest short in the G10 FX and faced some fresh selling pressure, predominantly driven by algo trading flows based on FX technical signals flows. Our FX flow data points at banks, hedge funds and real money investors outflows as well as corporates inflows," CACIB adds.