US Dollar Shorts Reduced, NZD/USD Bulls Stretched - COT Report 2020-12-21 09:00:00 Justin McQueen, Analyst
US Dollar, EUR/USD, USD/JPY, COT Report –Analysis
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US Dollar Shorts Reduced, NZD/USD Bulls Stretched - COT Report
In the week to December 18th, CFTC data reported a sizeable drop in aggregate USD net-short positioning against G10 currencies, which fell by $2.2bln to total $27.56bln. The predominant factor behind this had been the $2.1bln unwind in net Euro longs as gross shorts saw a marked increase. However, while speculators have reduced their bearish bets in the greenback, the overall trend in the USD has remained tilted to the downside in light of a dovish Fed and continued optimism about a global recovery in 2021.