• USD net G10 spec long fell $4.58bn in the Oct 14-20 IMM period; $IDX -0.42%

• Specs unwound USD purchases from previous week's French fiscal tumult

• Concurrently, Fed hike expectations reducing considerably aided USD weakness

• EUR$ +0.34% in period; specs +3k contracts now -134.5k; French fiscal concerns ebb

• $JPY -0.11%; specs +19.7k contracts now +69.9k; BoJ hike path seen outpacing Fed

• GBP$ +0.92%; specs +26.5k contracts now -80.4k; Fed-BoE policy divergence lifts GBP

• $CAD -1.12%; specs +20.1k contracts now -74.7k; oil rise, hawkish BoC boosts CAD

• Next weeks Fed decision, after current period close, in focus for Fed policy clues

Majors w/IMM Perf Chart:


IMM Position Table:

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