Euro (EUR/USD): Speculators continue to liquidate their short positions in the euro, this week taking it 28K contracts lower. While the small spec is short only 9K contracts, the large spec remains a 2 to 1 short. The total short in the euro is down to 66.9K contracts. Spreading is quite large, 11.0 of the total open interest reflecting a very active option trade.
Once again the speculators combined net short position in the USD climbed higher. It is now up to 267,878 total contracts in the currencies and the DI tabulated below. The only remaining USD long position was versus the euro. There remain short euro positions of 66,908 contracts against a long USD but this is down almost 200K contracts from the high short position.
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