Specs remained heavily net short EUR - Westpac

FXStreet (Bali) - As Sean Callow, FX Strategist at Westpac, notes, the CFTC’s Commitment of Traders report showed specs remained heavily net short EUR.

Key Quotes

"The CFTC’s Commitment of Traders report showed specs remained heavily net short EUR (-126k vs -129k the week prior), trimmed JPY shorts somewhat (-81k vs -95k) and trimmed AUD longs slightly, to 30k from 33k. Spec GBP net longs rose for the first week since early July, to a still modest 19k from 12k. Specs remained moderately long CAD (18k) and NZD (13k)."