Cot 08/25

[B]CHF:[/B] [B]The 13 week index is at 6, after being at 8 last week. [/B]

Speculators remain extremely short the CHF when compared with the last 52 weeks but unlike the EUR and GBP, CHF composite COT is nowhere near historical extremes.

[B]Implications: [/B][B]neutral[/B]