• USD net G10 IMM long grew by $4.97bn in Jun 17-23 reporting period; $IDX +0.68%

• Since the period close, UK political vista more settled, Fed on more dovish policy view

• EUR$ -0.76% in period; specs -4.2k contracts now +3.2k; dovish ECB stirred selling

• $JPY +0.28%; specs +4k contracts now -146.1k; spec traders wary of MOF near 162

• GBP$ -0.68%; specs -31.1k contracts now -105.7k; political, fiscal uncertainty weighed

• $CAD +0.79%; specs -13.9k contracts now -146.8k; Fed-BoC divergence weighed on CAD

• AUD$ -2.15%; specs -8.9k contracts now -13k; converging Fed/RBA policy outlooks stirs AUD unwind

IMM Position Table:


Majors w/IMM Performance Chart:


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